An improvement of a country's terms of trade caused by a change in international conditions always improves a country's overall welfare.

Name: An improvement of a country's terms of trade caused by a change in international conditions always improves a country's overall welfare.
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An improvement in a country's terms of trade means that it can export more goods and services for the same amount of imports. This leads to an increase in the country's real income and overall welfare.

An Improvement of a Country's Terms of Trade Caused by a Change