What is the formula for the terms of trade?
A) Total volume of exports/total volume of imports x 100.
B) Average price of imports/average price of exports x 100.
C) Average price of exports/average price of imports x 100.
D) Total volume of exports minus total volume of imports.
Correct Answer:
Verified
Q52: Below are the production possibilities (without trade)and
Q53: Below are the production possibilities (without trade)and
Q54: What term describes the average price of
Q55: The chart below refers to the economy
Q56: Below is production possibilities data for the
Q58: Below is production possibilities data for the
Q59: Below is production possibilities data for the
Q60: All of the following,except one,are reasons why
Q61: All the following,except one,are examples of trade
Q62: Below is the total market demand and
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents