Posted on 2021年8月19日2021年8月19日

CIE-econ-as-ToT-选择

• By. 3auk
• Category
• View Count. 0

What will cause a deterioration in a country’s terms of trade?

a fall in its inflation rate

a fall in the price of its imports

a rise in incomes abroad

a rise in its exchange rate

Correct!
Wrong!

A country’s terms of trade increased from a base year value of 100 to 120 in the following year.
If export prices had increased by 50%, what was the change in the price of the country’s imports?

-30%

-25%

+25%

+30%

Correct!
Wrong!