There Is an Unfavourable Change in a Nation's Terms of Trade

question 99

Multiple Choice

There is an unfavourable change in a nation's terms of trade whenever its

• A)import prices rise more than its export prices.
• B)export prices rise more than its import prices.
• C)import prices fall while its export prices remain constant.
• D)export prices rise while its import prices remain constant.
• E)export and import prices stay the same.

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Definitions:

Breadfruits

A type of large, starchy tropical fruit, which can be used similarly to potatoes and is a staple food in many parts of the world.

Calorie Limit

A specified maximum number of calories to be consumed within a given period, often used for dietary planning or weight management.

Seafood Salads

A type of dish made primarily from various kinds of seafood, often mixed with vegetables, fruits, and a dressing, served cold.

Price Of X

Refers to the monetary value or cost assigned specifically to an item or service, denoted here as "X."