A country's terms of trade can be improved by________?

a

Revaluation of currency

b

Collective bargaining

c

Reducing demand for imported goods

d

Imposing lower export duties

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Explanation

Correct Option
c

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Iember_codes
3 years ago

The best answer is D, reducing export duties will make the goods being exported less expensive which will attract consumers to it.
Option C is also correct but it is too vague and it is not always feasible, the demand for imported goods can not actually be reduced, demand cannot be easily controlled because it depends on the individual. However, placing tariffs will be effective

A reduction in demand for imported goods without a corresponding increase in exports is futile

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