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A-LevelEconomicsInternational economic issues9708/12 · Feb/Mar 2024 · Q261 Mark

When must the terms of trade of a country change?

Awhen the volume of exports falls and the volume of imports rises
Bwhen the total value of exports falls and the total value of imports rises
Cwhen the balance of trade in goods moves from deficit to surplus
Dwhen the average price of exports rises and the average price of imports falls

✓ Correct answer

D: when the average price of exports rises and the average price of imports falls

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About this question

Topic
International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source
A-Level Economics, Feb/Mar 2024 Paper 1 Variant 2, question 26.

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