A-LevelEconomicsTerms of TradeFeb/Mar 2016Paper 1 Q251 Mark
A country's terms of trade increased from a base year value of 100 to 120 in the following year. If export prices had increased by 50%, what was the change in the price of the country's imports?
A-30%
B-25%
C+25%
D+30%
✓ 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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