Note AcademyNote Academy
Start

Economics (AS & A Level) · Oct / Nov 2024 · Paper 11 · Question 30

9708The reasons for international trade

In which situation will a country's terms of trade improve?

  1. AIts imports rise in value less than its exports.
  2. BIts imports rise in volume less than its exports.
  3. CThe price of its imports rises by less than the prices of its exports.
  4. DThe value of its external payments rises by less than the value of its external receipts.

As printed in the paper

Show the answer

Correct answer: C. The price of its imports rises by less than the prices of its exports.

Sit this whole paper →More on The reasons for international trade

Make a free account to save your answers and see your weak topics and ask the AI why a wrong answer is wrong.