Trade of importing country and exporting country

Reference no: EM1370425

What would each of the following events do to the terms of trade of the importing country and the exporting country, other things being equal?

a- A blight destroys a large part of the coffe beans produced in the world.

b-The koreans cut the price of the steel they sell to Canada.

c-General inflation of 10 percent occurs around the world.

d- Violation of OPEC output quotes leads to a sharpfall in the price of oil.

Reference no: EM1370425

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