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QUESTION

13. Provide a concise statement about the relationship between a developing country's emphasis on the export of traditional commodities and: (a)

Please explain these two questions in the attachment below with full and correct answer.

13. Provide a concise statement about the relationship between a developing country’s emphasison the export of traditional commodities and: (a) export earnings stability; (b) comparativeadvantage; (c) terms of trade. 14. Explain briefly the vent-for-surplus theory of international trade. What is the relevance of thistheory to the current development experience of low income economies?
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