Note AcademyNote Academy
Start

Economics (AS & A Level) · May / June 2022 · Paper 12 · Question 21

9708The reasons for international trade

What will lead to an improvement in the terms of trade?

  1. AExport prices fall by 10% and import prices fall by 5%.
  2. BExport prices fall by 10% and import prices rise by 5%.
  3. CExport prices rise by 5% and import prices rise by 10%.
  4. DExport prices rise by 10% and import prices rise by 5%.

As printed in the paper

Show the answer

Correct answer: D. Export prices rise by 10% and import prices rise by 5%.

Sit this whole paper →More on The reasons for international trade

Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.