The table shows the indices of import prices and export prices of four countries between July 2013 and July 2014. In which countries did the terms of trade improve between July 2013 and July 2014? index of import prices index of export prices July 2013 July 2014 July 2013 July 2014 Brazil 137 139 164 162 China 98 101 99 99 Italy 113 111 113 114 Spain 110 106 111 109
✓ Correct answer
C: Italy and Spain
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