We say that the terms of trade have improved when
A) the prices of imports rise more rapidly than those of exports.
B) the value of imports increases.
C) the prices of exports rise less rapidly than those of imports.
D) the ratio of export to import prices rises.
E) the ratio of export to import prices falls.
Correct Answer:
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Q2: The trajectory of the weighted exchange rate
Q3: Suppose that i) the dollar depreciated, ii)
Q4: Suppose that the United States were to
Q5: Purchasing power parity does not hold up
Q6: The sharp decrease in net exports over
Q7: Changes in the real exchange rate
A) reflect
Q8: The relative prices of U.S. goods sold
Q9: Assuming the usual relationship between the real
Q10: Net exports for the United States
A) were
Q11: Which of the following could serve
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