When many commodities are traded terms of trade is expresed as _ of its export pricr to import price

Related MCQs

• If import prices rse more than export prices, terms of trade have _
• The ratio of price of export to price of import is called
• If a country enjoys an absolute advantage in the production of all commodities then also trade is possible”. Who said this?
• Ricardian theory has _ countries and           commodities
• According to H-O theory, International trade is, but a pecial case of _ _ trade.
• The limitations of Commodty terms of trade gave rise to _
• A favourable terms of trade indicates _ imports for given exports
•     _ _ introduced the concept of Gross barter terms of trade
• Single factoral terms of trade take in to account
• Terms of trade of less developed countries are generally unfavourable because