Single factoral terms of trade take in to account
A) Export and import prices
B) Changes in efficiency of factors producing export goods
C) Changes in demand for imports
D) Changes in demand for exports
Correct Answer:
Verified
Q5: The limitations of Commodty terms of trade
Q6: A favourable terms of trade indicates -------imports
Q7: is equally important as price of exports
A)Income
Q8: A decline in price would increase exports
Q9: -------introduced the concept of Gross barter terms
Q11: Two countries can gain from foreign trade
Q12: J.S.Mill brought in -------factor to explain termsof
Q13: Reciprocal demand is
A)Mutual demand of two countries
Q14: The developing Countries it is argued usually
A)Enjoy
Q15: Comparative advantage occurs when ……..than other country
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