A-LevelEconomicsInternational economic issues9708/12 · Oct/Nov 2021 · Q231 Mark

The average price of a country’s exports increased by 5% and the average price of its imports increased by 10%. What can definitely be concluded from this information?

AIts balance of trade will improve.

BIts balance of trade will worsen.

CIts terms of trade have improved.

DIts terms of trade have worsened.

✓ Correct answer

D: Its terms of trade have worsened.

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Topic: International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Oct/Nov 2021 Paper 1 Variant 2, question 23.

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