(Answered)-What is meant by the terms of trade? a) The volume of exports to - (2025 Updated Original AI-Free Solution

Discipline:

Type of Paper:

Academic Level: Undergrad. (yrs 3-4)

Paper Format: APA

Pages: 5 Words: 1375

Buy For $11.00 Order Custom Paper

Buy For $11.00

Question

What is meant by the terms of trade?

a) The volume of exports to imports in a country

b) The price of exports relative to imports

c) The spending on exports as a percentage of national income

d) Export spending as a percentage of total aggregate demand