Economics 9708 · AS & A Level · 6.3

6.3 — practice question

The mean price of a country's exports rose by 5%, and the mean price of its imports rose by 10%. What can be concluded with certainty from this information?

  • AIts balance of trade will improve.
  • BIts balance of trade will worsen.
  • CIts terms of trade have improved.
  • DIts terms of trade have worsened.

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