The terms of trade are A) the terms negotiated in a trade agreement.
The terms of trade are
A) the terms negotiated in a trade agreement.
B) exports plus imports divided by GDP.
C) the value of the real exchange rate.
D) taxes plus transaction costs paid on imports.
E) the ratio of export prices to import prices.
ANSWER
E
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.