Please enable JavaScript.
Coggle requires JavaScript to display documents.
Economics 4.1.4 - Coggle Diagram
Economics 4.1.4
-
-
-
-
impact on ToT
a decrease in global demand for a country's export means prices fall, so ToT deteriorate
drought lowers the global supply of wheat and country X is an exporter of wheat so ToT improve as export prices rise
-
-
-