A-LevelEconomicsTerms of TradeOct/Nov 2018Paper 1 Q251 Mark
The index for a country's terms of trade changed from 100 in year 2015, to 104 in year 2016. What could have caused this change?
Afall in export prices with import prices unchanged
Bfall in revenue from the export of services
Can appreciation of the country's currency
Drise in the value of imports
✓ Correct Answer
The correct answer is C. This question tests the candidate's understanding of terms of trade within the Economicssyllabus. The examiner's mark scheme requires...
📋 Examiner Report & Trap Analysis
Common mistake: 62% of candidates selected the distractor because they confused... The examiner specifically designed this question to test whether students can differentiate between... To secure full marks, candidates must demonstrate...
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