Terms of trade expresses the relationship between

Related MCQs

• A single factoral terms of trade shows that a country’s factoral terms of trade improve as productivity
• According to the Heckscher-Ohlin theory of trade, the most important cause of difference in relative commodity prices and trade between nations is a difference in
• In the modern trade theory, the gains from international trade are clearly differentiated between
• The term ‘terms of trade’ between two countries refers to
• Which of the following is the cause of international trade as per Heckscher-Ohlin trade theory?
• Relative factor abundance in H-O theory of trade can be defined in terms of
• If a country has favourable terms of trade, it will claim
• The income terms of trade is
• Which factor does not influence terms of trade?
• An increase in the index of income terms of trade implies that