Which of the following will certainly affect a country’s terms of trade? 1 a rise in the price of imported raw materials 2 a change in inflation rates 3 an appreciation of the exchange rate
- A1, 2 and 3
- B1 and 2 only
- C1 and 3 only
- D2 and 3 only
Economics 9708 · AS & A Level · 6.4
Which of the following will certainly affect a country’s terms of trade? 1 a rise in the price of imported raw materials 2 a change in inflation rates 3 an appreciation of the exchange rate