The terms of trade measures
A)The terms of exchange between a unit of import and a unit of export
B)The terms of exchange between a unit of one currency with a unit of other currencies
C)The terms of exchange between a unit of one's commodity with a unit of other commodities
D)None of the above

Question

Quizplus · Accepted Answer

The terms of trade measure the rate at which one country's goods exchange for another country's goods, essentially comparing the value of exports to the value of imports.

The Terms of Trade Measures