The "Terms of Trade" Reflect the

Multiple Choice

The "terms of trade" reflect the

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