The ratio between the price of a country's export goods to its import goods is called
A)Income terms of trade
B)Gross barter terms of trade
C)Real cost terms of trade
D)Commodity or net barter terms of trade

Question

Quizplus · Accepted Answer

The ratio between the price of a country's export goods to its import goods is referred to as the Commodity or net barter terms of trade. This measures the amount of imports that can be purchased per unit of exported goods.

The Ratio Between the Price of a Country's Export Goods