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Economics (AS & A Level) · Feb / March 2023 · Paper 12 · Question 24

9708The reasons for international trade

What can be best understood from a knowledge of a country's terms of trade?

  1. Aits balance of payments performance
  2. Bthe purchasing power of its exports
  3. Cthe standard of living within the country
  4. Dthe value of its real exchange rate

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Correct answer: B. the purchasing power of its exports

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