Understanding the Terms of Trade Effect

Understanding the Terms of Trade Effect

12th Grade

13 Qs

quiz-placeholder

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Understanding the Terms of Trade Effect

Understanding the Terms of Trade Effect

Assessment

Quiz

Other

12th Grade

Hard

Created by

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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