A rise in a country's terms of trade means that the country will now need to sell more exports to purchase the same quantity of imports.

Name: A rise in a country's terms of trade means that the country will now need to sell more exports to purchase the same quantity of imports.
Brand: Quizplus
Rating: 4.9 (50 reviews)

Question

Quizplus · Accepted Answer

A rise in a country's terms of trade means that the country can now purchase more imports for the same quantity of exports, as the price of exports has increased relative to the price of imports.

A Rise in a Country's Terms of Trade Means That