Solved

The "Terms of Trade" Reflect the

Question 117

Multiple Choice

The "terms of trade" reflect the


A) amount of absolute advantage held by one country over another.
B) conditions under which trade takes place,as established by the World Trade Organization.
C) difference in opportunity costs between two countries.
D) quantity of domestic goods that must be exported to get a unit of imported goods.
E) quantity of imports that must be purchased to sell a unit of exported goods.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents