What is the ratio between the price of a country's export goods and price of its import goods known as?
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1 mark, −0.33International EconomicsTheories of international tradeTerms of tradeModerateabout 1 min
UoH 2016 Question 79: Theories of international trade
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Theories of international trade has come up 151 times in 6 exams since 2006.
What this question tests
This question is on Terms of trade, part of Theories of international trade in International Economics.
The rate at which a country's exports exchange for its imports and what moves it.
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Question from the UoH 2016 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.