What Could Cause the Terms of Trade to Move in a Country's

question 165

Multiple Choice

What could cause the terms of trade to move in a country's favour?

• A)If the average price of its exports increases.
• B)If the average price of its imports increases.
• C)If the average price of its exports decreases.
• D)If the costs of transport and insurance falls.

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Definitions:

Formula 409

A brand of household cleaners known for its effective grease-cutting formula, often used in kitchens and bathrooms.

Spam Canned Meat

A brand of canned cooked pork made by Hormel Foods Corporation, often associated with affordable, long-lasting food options.

Match Light Charcoal

A type of charcoal that has been pretreated with a lighter fluid to simplify the ignition process.

Bayer Aspirin

A brand of aspirin produced by the Bayer company, used as an analgesic for pain relief, fever reduction, and anti-inflammatory purposes.