A-LevelEconomicsInternational economic issues9708/12 · Oct/Nov 2018 · 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

C: an appreciation of the country's currency

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Topic: International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Oct/Nov 2018 Paper 1 Variant 2, question 25.

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