A-LevelEconomicsInternational economic issues9708/12 · Oct/Nov 2024 · Q271 Mark

The table shows the average price of exports and imports. [Table 27.1] Which combination of changes in export prices and import prices could result in a country's terms of trade increasing from 100 to 110?

Athe average price of exports: falls by 5%, the average price of imports: rises by 5%

Bthe average price of exports: remains unchanged, the average price of imports: rises by 10%

Cthe average price of exports: rises by 5%, the average price of imports: falls by 5%

Dthe average price of exports: rises by 10%, the average price of imports: remains unchanged

✓ Correct answer

D: the average price of exports: rises by 10%, the average price of imports: remains unchanged

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Topic: International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Oct/Nov 2024 Paper 1 Variant 2, question 27.

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