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.

---

Definitions:

Social Media Monitoring

The process of using tools and techniques to observe, analyze, and respond to mentions and trends on social media platforms.

Large Companies

Corporations that operate on a vast scale, often characterized by significant market share, diverse operations, and large workforce, contributing substantially to economic activities.

Strategic Plans

Long-term, overarching plans that outline how an organization will achieve its goals and objectives within a specific timeframe.

Operational Plans

Detailed, short-term action plans that outline how goals or objectives will be achieved within a specific timeframe.