JAMB Economics 2016 Objective — Question 33

Question 33 of 40 from the Joint Admissions and Matriculation Board (JAMB) Economics 2016 Objective paper, with the correct answer and a full explanation.

A country's terms of trade can be improved by

A. collective bargaining
B. imposing lower export duties
C. revaluation of currency
D. reducing demand for imported goodsCorrect

Explanation

Reducing demand for imported goods (e.g. via tariffs) helps improve a country's terms of trade.

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