An improvement in a country's terms of trade means that the
A.
nation can export more services.
B.
nation's receipts on export is equal to payments on imports.
C.
value of her imports is lower than her exports.
D.
visible exports is less than visible imports.
Answer: B
To see detailed solution to this question and thousands of other questions offline, download TestDriller SSCE. Practice rigorously for WASSCE, enjoy educational games, get chief examiners' reports, summary of WAEC literature books, compete with your peers, win prizes and more.