Get premium membership and access questions with answers, video lessons as well as revision papers.

State four situations when the terms of trade for a country is favourable.

      

State four situations when the terms of trade for a country is favourable.

  

Answers


Peter
(i) Price of imports decline while that of exports is constant.
(ii) Prices of imports decline, while those of exports increase.
(iii) Prices of imports remain constant exports increase.
(iv) Prices of exports and imports increase.
(v) Where price of export is higher than imports.
(vi) Prices of exports and imports decrease where decrease of exports is lower than imports

Musyoxx answered the question on July 25, 2018 at 16:36


Next: Outline Nehemiah’s reform on observing the covenant
Previous: Name four benefits derived from division and specialization

View More Business Studies Questions and Answers | Return to Questions Index


Learn High School English on YouTube

Related Questions