Multiple Choice
How is the index for a country's terms of trade computed?
A) index of export prices/index of import prices
B) (index of import prices/index of export prices) × 100
C) index of import prices/index of export prices
D) (index of import prices + index of export prices) × 100
E) (index of export prices/index of import prices) × 100
Correct Answer:
Verified
Correct Answer:
Verified
Q86: If a country has a comparative advantage
Q87: What are the "terms of trade"?<br>A)the amount
Q88: In 2017 the value of goods exported
Q89: The increases in a nation's output and
Q90: If the index of export prices for
Q92: If a country is not engaged in
Q93: The diagram below shows Robinson Crusoe's annual
Q94: The following diagrams show the production possibilities
Q95: Consider the "terms of trade" of a
Q96: According to the Heckscher-Ohlin theory,national comparative advantages