Multiple Choice
Consider the "terms of trade" of a trading nation.There will be a favourable change in the nation's terms of trade if the
A) export and import prices rise by the same amount.
B) export price index rises by more than the import price index.
C) import price index rises by more than the export price index.
D) export and import prices fall by the same amount.
E) export and import prices stay the same.
Correct Answer:

Verified
Correct Answer:
Verified
Q90: If the index of export prices for
Q91: How is the index for a country's
Q92: If a country is not engaged in
Q93: The diagram below shows Robinson Crusoe's annual
Q94: The following diagrams show the production possibilities
Q96: According to the Heckscher-Ohlin theory,national comparative advantages
Q97: This table shows how much cotton and
Q98: The following production possibilities schedule shows the
Q99: The diagram below shows the (hypothetical)demand and
Q100: The following production possibilities schedule shows the