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An improvement in Nigeria's terms of trade should


Question

An improvement in Nigeria's terms of trade should

Options

A)
Lead to a fall in cost of her imports in terms of what she must sacrifice to obtain them
B)
Make made in Nigeria goods cheaper to buy
C)
Increase Nigeria's domestic output of commodities
D)
Lead to an increase in her exchange rates
E)
Lead to an increase in Nigeria's exports of petroleum

The correct answer is A.


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