Consider the "Terms of Trade" of a Trading Nation

question 95

Multiple Choice

Consider the "terms of trade" of a trading nation.There will be a favourable change in the nation's terms of trade if the

• A)export and import prices rise by the same amount.
• B)export price index rises by more than the import price index.
• C)import price index rises by more than the export price index.
• D)export and import prices fall by the same amount.
• E)export and import prices stay the same.

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