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Economics (AS & A Level) · May / June 2024 · Paper 13 · Question 30

9708The reasons for international trade

A country experiences an improvement in its terms of trade. What is the most likely cause?

  1. Aa decrease in its budget deficit
  2. Ba relatively low rate of domestic inflation
  3. Ca rise in its exchange rate
  4. Da surplus on its primary income account

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Correct answer: C. a rise in its exchange rate

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