Day: April 23, 2023

In which situation must the terms of trade be moving in a country’s favour?

Select ONE answer:

1. Its import prices are rising at a slower rate than its export prices.
2. There is a fall in both its import and its export prices.
3. There is an increase in its official reserves.
4. The volume of its exports is increasing more than the volume of its imports.

Show your workings to arrive at your answer, and explain and justify your reasons:

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This multiple-choice question is suitable for Economics KS4 and KS5 classes.

The answer is 1

1. Correct
2. Not correct
3. Not correct
4. Not correct

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