Question 22
Question 22 of 30

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No letter options?
Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.
A 1, 2 and 3 are correct
B 1 and 2 only are correct
C 2 and 3 only are correct
D 1 only is correct

Topics Tested

exports, imports and the terms of trade: measurement of the terms of trade, causes of changes in the terms of trade, impact of changes in the terms of trade

causes of a shift in the demand curve (D)

effects of shifts in demand and supply curves on equilibrium price and quantity