Suppose That There Is an Improvement in a Country's Terms

question 4

Multiple Choice

Suppose that there is an improvement in a country's terms of trade
Between 2010 and 2011.This improvement means that:

• A)it can purchase more imports in 2011, with the same volume of exports as in 2010.
• B)it can purchase more exports in 2011, with the same volume of exports as in 2010.
• C)it needs to increase its exports in order to purchase the same volume of imports as in 2011.
• D)regarding its international trade, it is worse off in 2011 than it was in 2010.

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