Economics 9708 · AS & A Level · 6.3

6.3 — practice question

In what situation will a country’s terms of trade deteriorate?

  • AThe prices of its imports rise by more than the prices of its exports.
  • BThe total value of external payments rises by more than the total value of external receipts.
  • CThe value of its imports rises by more than the value of its exports.
  • DThe volume of its imports rises by more than the volume of its exports.

Worked solution & mark scheme

This 1-mark question has a full step-by-step worked solution and mark scheme.

  • Full mark scheme, point by point
  • Step-by-step worked solution
  • Write your answer & get it marked instantly by AI