The ratio between the quantities of a country's imports to its exports is known as
A) Commodity or net barter terms of trade
B) Single factoral terms of trade
C) Gross barter terms of trade
D) Double factoral terms trade
Correct Answer:
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Q1: The difference in price ratios of two
Q3: J.S.Mill introduced the theory of reciprocal demand
Q4: Mill's theory of reciprocal demand indicates a
A)Country's
Q5: The gains from trade refers to
A)A duty
Q6: The ratio between the price of a
Q7: An increase in the index of income
Q8: The terms of trade refers to the
Q9: The types of terms of trade does
Q10: In the modern trade theory, the gains
Q11: Under the gains from international trade, the
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