Favourable terms of trade may result from: - SchoolNGR

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Favourable terms of trade may result from:

Favourable terms of trade may result from:

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Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE

A Fall in export earnings
B Excessive importation
C Increase in import prices
D Increase in export prices

Correct Answer: Option D

Explanation:
Favourable terms of trade occur when export prices rise relative to import prices.

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