Economics · International Trade
The 'Single Factoral Terms of Trade' (SFTT) improves upon the Commodity Terms of Trade by additionally accounting for:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The price of non-tradable goods relative to tradable goods.
- 2Productivity changes in both the export and import industries simultaneously.
- 3Productivity changes in the export industries of the home country.✓
- 4Changes in the volume of exports over the reference period.
Correct answer
Productivity changes in the export industries of the home country.
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