Economics 9708 · AS & A Level · International trade and free trade

International trade and free trade — practice question

A developing country's terms of trade declined from 90 in 2010 to 80 in 2015. If the index of its import prices stayed at 110 throughout this period, what change occurred in the index of its export prices?

  • Afell by 10
  • Bfell by 11
  • Cincreased by 10
  • Dincreased by 30

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