JAMB Commerce 2015 Objective — Question 37

Question 37 of 50 from the Joint Admissions and Matriculation Board (JAMB) Commerce 2015 Objective paper, with the correct answer and a full explanation.

A country's terms of trade are said to improve when the ratio of her export

A. decrease
B. equals import
C. remains constant
D. increasesCorrect

Explanation

A country's terms of trade improve when the ratio of her export prices to import prices increases.

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