The quantity of domestic goods that a country must give up to get a unit of imported goods is called

Question

Quizplus · Accepted Answer

The quantity of domestic goods that a country must give up to get a unit of imported goods is called terms of trade. This is because it represents the ratio at which a country can trade its goods for foreign goods. Choices A, B, C, and E are not correct, as they do not relate to this specific concept.

The Quantity of Domestic Goods That a Country Must Give