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Economics (AS & A Level) · May / June 2022 · Paper 13 · Question 20

9708The reasons for international trade

What could explain an improvement in the terms of trade for a country?

  1. Aan increase in tariffs on imports
  2. Ba decrease in the volume of imports sold
  3. Can increase in the prices of exports
  4. Da decrease in the volume of exports sold

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Correct answer: C. an increase in the prices of exports

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