Consider the "terms of trade" of a trading nation.There will be an unfavourable change in a nation's terms of trade whenever its
A) import prices rise more than its export prices.
B) export prices rise more than its import prices.
C) import prices fall while its export prices remain constant.
D) export prices rise while its import prices remain constant.
E) export and import prices stay the same.
Correct Answer:
Verified
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Q112: What are the "terms of trade"?
A)the amount
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