What is an accurate statement about possible causes and/or consequences of a worsening in a country’s terms of trade?
It will result from a fall in the demand for its exports.
2 )
It will result from an increase in consumers’ incomes in its major trading partners.
3 )
It will result in a decrease in interest rates by its major trading partners.
4 )
It will result in an improvement in its balance of trade.
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