Question

The commodity term of trade take into account

Answer 1

The commodity terms of trade are based on the index numbers of export and import prices. But they do not take into account changes taking place in the quality and composition of goods entering into trade between two countries.

Answer 2

Answer:

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Explanation:

The commodity terms of trade are based on the index numbers of export and import prices. But they do not take into account changes taking place in the quality and composition of goods entering into trade between two countries.