A-LevelEconomicsTerms of TradeFeb/Mar 2024Paper 1 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
The correct answer is D. 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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