Waec Model Questions Vol1 2017 Commerce Question 18

Practice objective / multiple choice question 18 from the 2017 Waec Model Questions Vol1 Commerce examination.

Waec Model Questions Vol1 2017 Commerce Objective / Multiple Choice Easy Difficulty
Question 18 WAEC_MODEL_QUESTIONS_VOL1 • 2017 • COMMERCE • objective

Country X exports 5 tons of cocoa and imports 2 tons of rice. The world price of cocoa is \(\₦800\) per kilogram and the price of rice is \(\₦400\) per kilogram. What is the terms of trade for Country X, expressed as a percentage?

Answer Options

Correct Answer A. 500%
B. 400%
C. 250%
D. 600%
Correct Answer
A
Correct Option:
500%

About This Question

This is Waec Model Questions Vol1 2017 Commerce Question 18. It is one of the objective questions from the 2017 Waec Model Questions Vol1 Commerce examination.

Difficulty level: Easy .

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