A-LevelEconomicsInternational economic issues9708/12 · Feb/Mar 2025 · Q261 Mark

Country X trades with country Y. What are the terms of trade for country X?

Aaverage price of country X's exports divided by the average price of country Y's exports

Bthe ratio of an index of country X's export prices to an index of its import prices

Cvalue of country X's exports divided by the value of country Y's exports

Dvalue of country X's imports divided by the value of country Y's imports

✓ Correct answer

B: the ratio of an index of country X's export prices to an index of its import prices

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Topic: International economic issues, A-Level Economics (syllabus 9708). Multiple choice, 1 mark.
Source: A-Level Economics, Feb/Mar 2025 Paper 1 Variant 2, question 26.

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