A-LevelEconomicsInternational economic issues9708/12 · May/June 2022 · Q211 Mark

What will lead to an improvement in the terms of trade?

AExport prices fall by 10% and import prices fall by 5%.

BExport prices fall by 10% and import prices rise by 5%.

CExport prices rise by 5% and import prices rise by 10%.

DExport prices rise by 10% and import prices rise by 5%.

✓ Correct answer

D: Export prices rise by 10% and import prices rise by 5%.

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Topic: International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, May/June 2022 Paper 1 Variant 2, question 21.

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