Economics (AS & A Level) · May / June 2023 · Paper 12 · Question 25
9708The reasons for international trade
What will definitely change a country's terms of trade? 1 when the price of imported raw materials increases 2 a change in inflation rates 3 an appreciation of the exchange rate
- A1, 2 and 3
- B1 and 2 only
- C1 and 3 only
- D2 and 3 only
As printed in the paper
Show the answer
Correct answer: C. 1 and 3 only
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