
Understanding the Terms of Trade Effect

Quiz
•
Other
•
12th Grade
•
Hard

Business Department
FREE Resource
13 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the Terms of Trade measure?
The ratio of imports to exports
The difference between exports and imports
The total value of exports multiplied by imports
The average price of exports divided by the average price of imports
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What indicates an improvement in the terms of trade?
A unit of export buys relatively more imports
Import prices rise relative to export prices
Export prices decrease
None of the above
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a likely effect of a currency devaluation on the terms of trade?
Improvement in the terms of trade
Deterioration in the terms of trade
No change in the terms of trade
All of the above
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What happens to the domestic price of exports when a currency falls in value?
Becomes volatile
Remains unchanged
Increases
Decreases
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What effect does an appreciation of the currency have on the terms of trade?
No change
Unpredictable changes
Deterioration
Improvement
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which factor can affect the terms of trade?
Number of businesses
Exchange rate
Population size
Country's political stability
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the impact of higher inflation in a country on its terms of trade?
Temporary improvement
Permanent improvement
Deterioration
No impact
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