Given that a country's index of export price is 180 a...
Given that a country's index of export price is 180 and that of import is 200, the terms of trade is
0.09
2.00
90.00
380.00
Correct answer is C
Terms of trade = Index of export/ Index of import x 100
= 180/200 x 100
= 90
The theory of comparative cost advantage is associated with ...
Economy problems arises mainly as a result of ...
Which of the following is compatible with a firm in a purely competitive market? ...
The main feature of regressive taxation is that its rate ...
Which of the following factors of production consists of man made goods? ...
The best method to curb inflation in Nigeria is to ...
In which of the following business units are the owners mostly customers? ...
Which of these would NOT increase the population of a country? ...
One of the objectives of Nigeria's current population policy is to ...