The commodity terms of trade equals the
Tap an option to check your answer.
UoH 2018 Question 97: Theories of international trade
Answer and worked solution
Checking your account…
Plain-text version
The commodity terms of trade equals the (A) (exports prices minus import prices)/ exchange rates (B) exchange rates of country i divided by exchange rates of country j (C) external balances/ balance of payments (D) price index of exports divided by the price index of imports
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.
TestStop has 12 past-paper questions on this subtopic.
Similar questions from other papers
- The Heckscher-Ohlin theory states that the trade arises due to difference in
- The Comparative Cost Advantage theory of International Trade is propound by:
- Which of the following is not the correct assumption of Heckscher-Ohlin theory of international trade?
- Match List-I with List-II. | List-I | List-II | A. Neo-Chamberlinian Model | I. Horizontal differentiation of products | B. Neo-Hotelling Model | II. Vertical…
- The Stolper-Samuelson theorem postulates that:
Question from the UoH 2018 paper. Solutions are TestStop's own. Not affiliated with or endorsed by any examination authority.