Question

explain terms of trade​

Answer 1

Answer:

Terms of trade are defined as the ratio between the index of export prices and the index of import prices. If the export prices increase more than the import prices, a country has a positive terms of trade, as for the same amount of exports, it can purchase more imports.

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Answer 2

Answer:

term or trade is defined as ratio between the index of export prices and the index of inport prices.

Explanation:

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