An increase in a country's net commodity terms of trade will ...

[beccaep]

An increase in a country's net commodity terms of trade will
 
  A) not always guarantee positive changes in the country's economy.
  B) always increase the country's economic welfare.
  C) always increase the country's real income.
  D) never increase the country's quantity of exports.
  E) always increase the country's production of its import competing good.

Question 2

Which of the following countries is not a member of NAFTA?
 
  A) Canada.
  B) The United States of America.
  C) Mexico.
  D) All three countries form part of NAFTA.

[aloop]

Answer to Question 1

A

Answer to Question 2

D