The income terms of trade is
A) The net barter terms of trade of a country multiplied by its export volume index
B) The ratio between the quantities of a country's imports and exports
C) The ratio between the price of a country's export goods and import goods
D) None of the above
Correct Answer:
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Q13: Relative factor abundance in H-O theory of
Q14: The slope of the production possibility curve
Q15: The term 'factor intensity' refers to
A)The relative
Q16: The fundamental reason why different countries involve
Q17: If a country has favourable terms of
Q19: Which factor does not influence terms of
Q20: Gains from trade depends on
A)Relative strength of
Q21: The principle of reciprocal demand was introduced
Q22: Terms of trade expresses the relationship between
A)Balance
Q23: The difference in the domestic cost ratios
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