The terms of trade are said to be favorable only if

Economics

JAMB 1980

A. Value of total exports equals value of total imports
B. Value of merchandise exports is greater than value of merchandise imports
C. There are no balance of payments problems
D. There is an increase in the value of a unit of export in terms of imports
E. Foreign exchange reserves do not change

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Correct Answer: Option D

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The terms of trade are said to be favorable only if

Correct Answer: Option D

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