Multiple Choice
The terms of trade refers to the rate
A) At which the goods of one country is exchanged for the goods of another country
B) At which the price of a country's import is calculated
C) At which the price of a country's export is calculated
D) All of the above
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q15: The ratio between the price of a
Q16: When a country's import price relatively rises
Q17: The classical theorists believed that the gains
Q18: A single factoral terms of trade shows
Q19: An increase in the index of income
Q20: The gains from trade refers to<br>A)A duty
Q22: The types of terms of trade does
Q23: In the modern trade theory, the gains
Q24: Mill's theory of reciprocal demand is based
Q25: In modern trade theory, the gains from