Economics 9708 · AS & A Level · 6.3

6.3 — practice question

The diagram presents Australia’s terms of trade by quarter from Q2, 2014 to Q1, 2017. During which period did Australia’s terms of trade fall and then rise again?

AQ2, 2014 to Q4, 2014
BQ1, 2015 to Q3, 2015
CQ4, 2015 to Q2, 2016
DQ3, 2016 to Q1, 2017

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