Topic Videos
Terms of Trade (2019 Update)
- Level:
- A-Level, IB
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 20 Apr 2019
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?
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