There Will Be a Favourable Change in a Nation's Terms

question 103

Multiple Choice

There will be a favourable change in a 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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Definitions:

Lone Pair

A pair of valence electrons that are not involved in bonding but occupy space around an atom.

Strongly Basic

A substance or solution with a very high pH, typically greater than 11, indicating a high concentration of hydroxide ions.

Weakly Basic

A property of a compound that partially accepts protons but does not ionize completely in solution.

Nitrogen Atom

A chemical element with symbol N and atomic number 7, fundamental to living organisms, composing part of all proteins and nucleic acids.