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The Following Table Shows the Units of Calculators and Rice

Question 32

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The following table shows the units of calculators and rice produced by a laborer in a day in Japan and Korea.Table 20.3
The following table shows the units of calculators and rice produced by a laborer in a day in Japan and Korea.Table 20.3    -The terms of trade is defined as: A) the quantity of inputs sacrificed to produce each unit of a good. B) the quantity of one good that is exchanged for a quantity of another good. C) the ratio of the total cost of production of individual traders. D) the marginal cost of producing one good as a percentage of the marginal cost of another good. E) the ratio of total exports of a nation to its total production.
-The terms of trade is defined as:


A) the quantity of inputs sacrificed to produce each unit of a good.
B) the quantity of one good that is exchanged for a quantity of another good.
C) the ratio of the total cost of production of individual traders.
D) the marginal cost of producing one good as a percentage of the marginal cost of another good.
E) the ratio of total exports of a nation to its total production.

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