-Higher prices of imports compared to exports of a country.
-Fall in exchange rates which makes imports expensive.
-Competition from similar products from other countries which lower demand hence lower export prices.
-Devaluation of local currency which makes imports expensive and exports cheap.
-Prices of exports remain constant while those of imports increase.
-Prices of imports remain constant while those of exports decline.
Kavungya answered the question on September 25, 2019 at 09:27
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Additional information
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Additional information
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