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Economics (AS & A Level) · Oct / Nov 2024 · Paper 12 · Question 27

9708The reasons for international trade

The table shows the average price of exports and imports. Which combination of changes in export prices and import prices could result in a country's terms of trade increasing from 100 to 110?

  1. Afalls by 5% / rises by 5%
  2. Bremains unchanged / rises by 10%
  3. Crises by 5% / falls by 5%
  4. Drises by 10% / remains unchanged

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Correct answer: D. rises by 10% / remains unchanged

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