Terms of trade expresses the relationship between
A) Balance of payments between two countries
B) The export price and import price of a country
C) Gains and loss of a country in international trade
D) None of the above
Correct Answer:
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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
Q18: The income terms of trade is
A)The net
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
Q23: The difference in the domestic cost ratios
Q24: The two types of gains from trade
Q25: In case of Mill's theory, where country
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