(a)[8]
Explain what could lead to a favourable movement in an economy’s terms of trade.
(b)[12]
Discuss whether, overall, a favourable movement in an economy’s terms of trade would be expected to have positive or negative effects on the economy.
Economics 9708 · AS & A Level · 6.3
6.3 — practice question
Worked solution & mark scheme
This 20-mark question has a full step-by-step worked solution and mark scheme. One marking point: “Knowledge and comprehension of the terms of trade. (Up to 4 marks)” …
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