The terms of trade are:
A) (£ per home foreign/(£ per home good) .
B) the number of units of home goods that can be exported for each unit of foreign goods imported.
C) foreign good per home good.
D) all of the above.
Correct Answer:
Verified
Q44: A decrease in the terms of trade:
A)reduces
Q45: An increase in the terms of trade:
A)reduces
Q46: A decrease in the terms of trade:
A)reduces
Q47: If the government reduces tariffs or quotas
Q48: An increase in the terms of trade:
A)raises
Q50: What is the real current account balance?
Q51: If the government reduces tariffs or quotas
Q52: If the government imposes or increases tariffs
Q53: If the government imposes or increases tariffs
Q54: Does a government budget deficit lead to
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