Korea's terms of trade improve on weaker import prices in Dec. - 0 views
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lizzy97 on 25 Jan 16This article discuses Korea's terms of trade. Specifically, in the year of 2015, it's terms of trade have improved as a result of the weaker import prices. This relates to what we have learned in class this week as we know that one of the short term causes of change of a country's terms of trade is changes in the condition of demand and supply.