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Question: 7 study questions 14 ch 2 the following table...

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7. Study Questions # 14. Ch 2. The following table shows hypothetical export price indexes and import price indexes (2000 -100) for Japan, Canada, and Ireland. Compute the commodity terms of trade for each country for the period 2000-2016. Export Price Index Import Price Index Country 2000 2016 2000 2016 170 175 190 lapan Canada Treland 100 100 100 180 175 167 100 100 100 Which of the following accurately state how a countrys terms of trade improved, worsened, or showed no change? Check all that apply. Irelands commodity terms of trade remained constant at 100. Irelands commodity terms of trade worsened to 88. Japans commodity terms of trade worsened to 88. Japans commodity terms of trade improved to 106.
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