The terms of trade refers to the rate
A) At which the goods of one country is exchanged for the goods of another country
B) At which the price of a country's import is calculated
C) At which the price of a country's export is calculated
D) All of the above
Correct Answer:
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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
Q9: The types of terms of trade does
Q10: In the modern trade theory, the gains
Q11: Under the gains from international trade, the
Q12: In modern trade theory, the gains from
Q13: The terms of trade of a country
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