Table 1314 Shows the Output of Kumquats Per Month

Essay

Table 13.14 shows the output of kumquats per month.

-Consider the effects of each of the following events on Canadian trade.Indicate whether the Canadian terms of trade will improve or deteriorate.
a)% ∆average price of imports = % ∆average price of exports
b)% ∆average price of imports < % ∆average price of exports
c)% ∆average price of imports > % ∆average price of exports