What are "barter terms of trade"?
A) relative prices of primary products to manufactured goods in world trade
B) how much it costs to buy a raw material
C) changes in raw material process
D) how much it costs to replace manufactured goods in world trade

Question

Quizplus · Accepted Answer

Barter terms of trade refer to the relative prices of primary products (such as raw materials) to manufactured goods in world trade. It reflects the amount of manufactured goods that can be obtained in exchange for a given amount of primary products. A high barter terms of trade indicate a favorable situation for primary product exporting countries, as they are able to obtain more manufactured goods for each unit of their primary product.

What Are "Barter Terms of Trade