The terms of trade (TOT) is defined as
A) (index of export prices) /(index of import prices) .
B) (home-country currency) /(foreign-country currency) .
C) 
D) 
Correct Answer:
Verified
Q6: Raul Prebisch was an Argentine economist who
Q7: Latin America has more trade agreements than
Q8: ISI policies were brought to an end
Q9: Rent seeking
A)is unlikely the more heavily engaged
Q10: The terms of trade are
A)the terms negotiated
Q12: Indirectly,overvalued exchange rates in Latin America caused
A)a
Q13: Which four nations account for most of
Q14: Latin America
A)is significantly smaller than the NAFTA
Q15: Rapid growth of government spending in Latin
Q16: Overvalued exchange rates were a persistent problem
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