Multiple Choice
The terms of trade of a country improves when
A) The import price of a country relatively rises to its export prices
B) The import price of a country is the same with its export prices
C) The export price of a country does not rise in relation to its import prices
D) The export price of a country relatively rises to its import prices
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Under the gains from international trade, the
Q2: According to Jacob Viner, the classical economists
Q4: The concept of gross barter terms of
Q5: The term 'terms of trade' between two
Q6: The modern economists considered the gains from
Q7: The concept of commodity or net barter
Q8: The ratio between the quantities of a
Q9: When the export prices of a country
Q10: The difference in price ratios of two
Q11: The concept of single factoral terms of