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Economics (AS & A Level) · May / June 2022 · Paper 11 · Question 24

9708The reasons for international trade

What leads to a fall in a country's terms of trade?

  1. Aa fall in the price of exports relative to the price of imports
  2. Ba fall in the price of imports relative to the price of exports
  3. Ca fall in the quantity of exports relative to the quantity of imports
  4. Da fall in the quantity of imports relative to the quantity of exports

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Correct answer: A. a fall in the price of exports relative to the price of imports

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