A Country Has Favourable Terms of Trade When

question 144

Multiple Choice

A country has favourable terms of trade when:

• A)The average price of its exports increases relatively more than does the average price of its imports.
• B)The average value of its imports increases relatively more than does the average value of its exports.
• C)The average volume of its exports decreases more than does the average volume of its imports.
• D)The average price of its imports increases relatively more than does the average price of its exports.

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Definitions:

Nature

The inherent characteristics or basic essence of an individual or thing, or the physical world collectively, including plants, animals, landscapes, and other features and products of the earth.

Work Done

The amount of effort or output produced within a given time frame, often measured in terms of project completion or tasks achieved.

Relationship Conflict

Tensions, disagreements, or disputes arising from personal differences and affecting interpersonal connections within groups or teams.

Process Conflict

A type of conflict that arises from disagreements over the methods or procedures in achieving the goals or completing tasks.