The terms of trade are thea ratio of net exports to gdpb, Ask an Expert

Economics

The terms of trade are the

A. ratio of net exports to GDP

B. change in the value of one currency relative to another

C. quantity of imported goods a country can obtain in exchange for a unit of domestic goods exported

D. amount of goods a country can consume without diminishing its supply of gold

E. ratio of the increase in the domestic rate of unemployment for every 1% increase in imports

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91694786

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