A country has favourable terms of trade when:
A) The average price of its exports increases relatively more than does the average price of its imports.
B) The average value of its imports increases relatively more than does the average value of its exports.
C) The average volume of its exports decreases more than does the average volume of its imports.
D) The average price of its imports increases relatively more than does the average price of its exports.
Correct Answer:
Verified
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