A country's terms of trade are said to improve when the ratio of her export

Commerce

JAMB 2013

A. decreases
B. remains constant
C. increases
D. equals import

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Correct Answer: Option C

Explanation

Terms of trade (TOT) represent the ratio between a country's export prices and its import prices.. It improves When the exports are higher than the imports.

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A country's terms of trade are said to improve when the ratio of her export

Correct Answer: Option C

Explanation

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