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Eduncle Asked an Mcq
March 2, 2020 12:13 pm
  • UGC NET
  • Economics

For oil importing countries, the increase in oil price in 1970’s and mid 2000 contributed to which of the following : 

(a)    Improving terms of trade        (b)    Balance of trade deficits
(c)    Price inflation                          (d)    Constrained economic growth
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  • Eduncle Best Answer

    For all importing countries, the increase in oil Prices in 1970s and mid 2000 contributed to improving terms of trade, Balance of trade deficits, Price inflation.

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