A-LevelEconomicsInternational economic issues9708/12 · Feb/Mar 2023 · Q241 Mark

What can be best understood from a knowledge of a country's terms of trade?

Aits balance of payments performance

Bthe purchasing power of its exports

Cthe standard of living within the country

Dthe value of its real exchange rate

✓ Correct answer

B: the purchasing power of its exports

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Topic: International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Feb/Mar 2023 Paper 1 Variant 2, question 24.

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