What Are the "Terms of Trade

Multiple Choice

What are the "terms of trade"?

A) the amount of absolute advantage held by one country over another
B) the conditions under which trade takes place,as established by the World Trade Organization
C) the difference in opportunity costs between two countries
D) the quantity of domestic goods that must be exported to get a unit of imported goods
E) the quantity of imports that must be purchased to sell a unit of exported goods