4.3.2.3c - impact of changes in a country's terms of trade on: • export revenues • living

The impact of changes in a country's terms of trade on:; export revenues; living standards; balance of trade.

Use c - impact of changes in a country's terms of trade on: • export revenues • living to connect the rule to the data and decision in the question.

This matters because c - impact of changes in a country's terms of trade on: • export revenues • living determines what can be inferred or chosen; begin with the stated conditions and keep the conclusion tied to the evidence.

Example: apply c - impact of changes in a country's terms of trade on: • export revenues • living to one small, clearly defined case, show the key step or comparison, and explain the result in words.

Boundary: c - impact of changes in a country's terms of trade on: • export revenues • living is not a universal recommendation. Check the syllabus scope, assumptions, units and the limits of the evidence before generalising.