The terms of trade is the
A) amount of goods a country can consume without diminishing its supply of gold.
B) quantity of imported goods a country can obtain in exchange for a unit of domestic goods exported.
C) ratio of the increase in the domestic rate of unemployment for every 1 percent increase in imports.
D) change in the value of one currency relative to another.
E) ratio of net exports to the GDP.
Correct Answer:
Verified
Q28: The following question are based on the
Q29: The terms of trade reflect the
A) equation
Q30: A country is said to have a
Q31: Country A can produce either 1,000 tons
Q32: The following question are based on the
Q34: The quantity of domestic goods that a
Q35: The basis for specialization and trade,both within
Q36: The price ratio of two internationally traded
Q37: Under free trade,as long as there are
Q38: Under which of the following conditions will
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