To what does the phrase terms of trade refer ?

Basic of Economics 02/10/2020

A. the currency exchange rate
B. the difference between the value of visible exports and visible imports
C. The government’s policies to increase exports
D. the rate at which exports are exchanged for imports

Related Mcqs:

    The term Mark-up refers to________________?
    A. Rise in the price of an item for sale B. An amount added to cost price in calculating selling price C. Both of them D. All of them...
    Name a market that is characterized by a small number of producers who often act together to control the supply of a particular good and its market price ?
    A. Oligopoly B. Monopoly C. Oligopsony D. Grey market...
    Inflation means ?
    A. Rise in budget deficit B. Rise in money supply C. Rise in general price index D. Reflection...
    Which of the following terms refers to income that is saved and not invested ?
    A. Capital B. Deposit C. Hoarding D. Profit...
    How is termed equal rights of trade of trade without giving monopolies or preferences to an individual country ?
    A. Open door market B. Open door country C. Open sky market D. Free economy...

Leave a Reply

Your email address will not be published. Required fields are marked *