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angad1983 angad1983
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A year ago
Consider Canada's terms of trade. Canada is a net importer of citrus fruit. If severe weather in Florida wipes out the fruit crop for one season, Canada's terms of trade will likely

▸ not change.

▸ deteriorate.

▸ improve as long as Canada stops importing citrus fruit from Florida.

▸ improve.

▸ indeterminable with the information provided.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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EM81607EM81607
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A year ago
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