Economics 9708 · AS & A Level · 6.3

6.3 — practice question

The table shows the Terms of Trade Index in 2010 and 2013 for Japan and Venezuela. Which set of statements gives the correct interpretation of the changes from 2010 to 2013?

  • Acan buy more imports per unit of exports: Japan; import prices have risen faster than export prices: Japan
  • Bcan buy more imports per unit of exports: Japan; import prices have risen faster than export prices: Venezuela
  • Ccan buy more imports per unit of exports: Venezuela; import prices have risen faster than export prices: Japan
  • Dcan buy more imports per unit of exports: Venezuela; import prices have risen faster than export prices: Venezuela

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