there is an improvement in the terms of trade of a country if?
ECONOMICS
JAMB 1992
there is an improvement in the terms of trade of a country if?
- A. a large quantity of exports is given up to obtain a unit of imports
- B. the volume of exports is greater than the volume of imports
- C. a smaller quantity of exports is given up to obtain a unit of imports
- D. the value of exports is greater than the value of imports
Correct Answer: D. the value of exports is greater than the value of imports
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