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Terms of Trade (2019 Update)

Level:
A-Level, IB Diploma
Board:
AQA, Edexcel, Eduqas, IB, OCR, WJEC

Last updated 20 Apr 2019

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Many students in exam confuse the terms of trade with the balance of trade. This short revision video explains the difference and considers what economic factors can cause the terms of trade to improve or deteriorate and with what consequences?

Terms of Trade (2019 Update)
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