A-LevelEconomicsInternational economic issues9708/12 · Feb/Mar 2021 · Q201 Mark

A country's terms of trade changed from 100 to 95. What is most likely to have caused this change?

Adepreciation of the country's currency

Breduction in import tariffs

Crise in the price of exported goods

Dan improvement in the balance of trade

✓ Correct answer

A: depreciation 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, Feb/Mar 2021 Paper 1 Variant 2, question 20.

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