Unstable export markets-worsening terms of trade

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Reference no: EM131007750

Unstable export markets, worsening terms of trade, and limited access to the markets in advanced countries are just a few of the problems that have plagued nations in Africa, Asia, Latin America, and Middle East. For example, developing countries have worsening terms of trade because of

A) rising prices of exports relative to imports

B) the high price elasticity of supply

C) falling prices of exports relative to imports

Reference no: EM131007750

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