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Question 45

When there is improvement in a country's terms trade, it means that the country's

  • A.exports are cheaper relative to imports
  • B.imports are cheaper relative to exports
  • C.volme of imports has declined
  • D.volume of exports has declined
Objective

Question details

Exam body
WAEC
Subject
Economics
Year
2012
Question no.
#45
Type
Objective
Previous · Q44Which of the following will not retard economic development in West Africa? Next · Q46 Which of the following is true about import substitution? it

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