An improvement in Nigeria's terms of trade should

  • 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
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The correct answer is A. Lead to a fall in cost of her imports in terms of what she must sacrifice to obtain them

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