4.3.2.3b - Factors influencing a country's terms of trade, changes in: • relative inflation rates

Factors influencing a country's terms of trade, changes in:; relative inflation rates; relative productivity rates; relative labour costs; the exchange rate; the prices of imports and exports.

Use b - factors influencing a country's terms of trade, changes in: • relative inflation rates to connect the rule to the data and decision in the question.

This matters because b - factors influencing a country's terms of trade, changes in: • relative inflation rates determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply b - factors influencing a country's terms of trade, changes in: • relative inflation rates to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: b - Factors influencing a country's terms of trade, changes in: • relative inflation rates is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.