Economics 9708 · AS & A Level · 6.3

6.3 — practice question

The terms of trade for the major oil-exporting country of Saudi Arabia declined from 223 in 2013 to 205 in 2014. What might be a probable reason for this decrease?

  • Aa fall in the amount of oil exported by Saudi Arabia
  • Ba fall in the amount of oil produced by Saudi Arabia
  • Ca fall in the price of Saudi Arabian oil exports
  • Dan appreciation of the Saudi Arabian currency

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