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Economics (AS & A Level) · Feb / March 2021 · Paper 12 · Question 20

9708The reasons for international trade

A country's terms of trade changed from 100 to 95. What is most likely to have caused this change?

  1. Aa depreciation of the country's currency
  2. Ba reduction in import tariffs
  3. Ca rise in the price of exported goods
  4. Dan improvement in the balance of trade

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Correct answer: A. a depreciation of the country's currency

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