Multiple Choice
The terms of trade is given by
A) (Price of exports/price of imports) ? 100.
B) (Price of exports/price of imports) + 100.
C) (Price of exports/price of imports) ÷ 100.
D) (Price of exports/price of imports) × 100.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q1: The mercantilists maintained that a free-trade policy
Q2: Constant opportunity costs suggest that the relative
Q3: If Spain's weather is better for growing
Q5: According to J.S.Mill, if we know the
Q6: If the international terms of trade settles
Q7: Assume that the United States is more
Q8: If Canada experiences constant opportunity costs, its
Q9: Critics maintain that outsourcing by American businesses
Q10: The Ricardian model of comparative advantage includes
Q11: Is it possible to add up the