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    International Trade Theory and Policy Study Set 1
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    Exam 6: The Standard Trade Model
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    Terms of Trade Refers to
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Terms of Trade Refers to

Question 22

Question 22

Multiple Choice

Terms of trade refers to


A) the tariffs applied to trade.
B) what goods are exported.
C) the volume of trade.
D) the relative price at which trade occurs.
E) what goods are imported.

Correct Answer:

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