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Economics (AS & A Level) · Oct / Nov 2024 · Paper 13 · Question 29

9708The reasons for international trade

When is there an improvement in a country's terms of trade?

  1. Awhen the price of exports falls more than the price of imports
  2. Bwhen there is no change in the price of exports but a fall in the price of imports
  3. Cwhen the value of exports increases relative to the total value of imports
  4. Dwhen the volume of exports increases relative to the total volume of imports

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Correct answer: B. when there is no change in the price of exports but a fall in the price of imports

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