The Terms of Trade Refers To

Multiple Choice

The terms of trade refers to:

A) the quantity of one good exchanged for a unit of another good.
B) the world price of a good determined by the world supply and demand for the good.
C) the quantity of a good demanded by U.S.consumers at a market-clearing price.
D) the price of a good in a country after the imposition of a tariff.
E) the maximum amount of credit that a country can borrow for a particular line of credit.