Which of the following statements is true about terms of ...
Which of the following statements is true about terms of trade?
Terms of trade shows the difference between the values of export and imports
Terms of trade indicate the rate at which exports exchange for imports
It is the ration of price index of exports to imports
It is usually expressed as percentage
A rise in the price of export relative to imports is an improvement
Correct answer is C
No explanation has been provided for this answer.
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