The terms of trade are said to be favorable only if

Home » Past Questions » Economics » Jamb » 1980 » The terms of trade are said to be favorable only if
Economics JAMB 1980

The terms of trade are said to be favorable only if

  • Value of total exports equals value of total imports
  • Value of merchandise exports is greater than value of merchandise imports
  • There are no balance of payments problems
  • There is an increase in the value of a unit of export in terms of imports checkmark
  • Foreign exchange reserves do not change

The correct answer is: D

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment