Economics (AS & A Level) · Oct / Nov 2023 · Paper 12 · Question 18
9708The reasons for international trade
What must be the result for a country of a rise in its export prices relative to its import prices?
- Aa deficit in its trade in goods
- Ban improvement in its terms of trade
- Can increase in its inflation rate
- Da rise in its exchange rate
As printed in the paper
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Correct answer: B. an improvement in its terms of trade
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