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

question 52

Multiple Choice

There will be a favourable change in a nation's terms of trade if the

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

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Definitions:

Median Age

The age that divides a population into two numerically equal groups, half of the people being older than this age and half younger.

Canadian

Pertaining to Canada or its people, culture, or characteristics.

Socialization

The process by which individuals learn and adopt the norms, values, and behaviors appropriate to their society.

Sociologically

Pertaining to or involving the study of the development, structure, and functioning of human society and the behavior of individual people and groups within it.