Edexcel A Level · 9EC0 · Theme 4: A global perspective
4.1.4 Terms of trade
Everything you need for questions on terms of trade, in the words examiners reward. An interactive seven-step lesson goes with it.
What's on this sheet
- Calculating the terms of trade
- Reading the index
- Factors: short run
- Factors: long run
- Impact of a change in the terms of trade
- Classic question: is an improvement in the terms of trade always good for a country?
- Side 2: practice tasks, where the marks go, and exam-style questions
- Separate answer key
The lesson in seven steps
- What moves the terms of trade?
- Sort the causes
- Good news or bad news?
- Terms of trade trainer
- Better or worse?
- Build the chain
- Exam practice
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