Which of the following is likely to improve a country's terms of trade?
A) The price of its imports rises relative to the price of its exports.
B) Its comparative advantage in the production of a good reduces.
C) The demand for its exports rises.
D) The cost of production of domestic goods rises.
Correct Answer:
Verified
Q1: Which of the following is a non-economic
Q3: Which of the following statements is correct?
A)
Q4: Which of the following is a reason
Q5: Which of the following is an economic
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Q7: What does the terms of trade measure?
A)
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