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

question 200

Multiple Choice

Suppose that there is an improvement in a country's terms of trade between 2010 and 2014. This improvement means that:

• A) the country can purchase more imports in 2014, with the same volume of exports as in 2010.
• B) the country can purchase more exports in 2014, with the same volume of exports as in 2010.
• C) the country needs to increase its exports in order to purchase the same volume of imports as in 2010.
• D) regarding its international trade, the country is worse off in 2014 than it was in 2010.

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Definitions:

Carbohydrates

Organic compounds made up of carbon, hydrogen, and oxygen atoms, serving as a major energy source for the body.

Steroids

A class of organic compounds with a characteristic molecular structure containing four rings of carbon atoms.

Lipids

Organic compounds that are fatty acids or their derivatives and are insoluble in water but soluble in organic solvents. They serve as energy sources and structural components in cells.

Adipose Tissue

A type of body tissue containing stored fat, serving as an energy reserve, insulation, and cushioning for organs.