Economics · Economics
The Terms of Trade can be expressed as:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Terms of Trade = Import Value / Export Value
- 2Terms of Trade = Export Value / Import Value✓
- 3Terms of Trade = Export Demand / Export Value
- 4Terms of Trade = Import Quantity / Export Demand
Correct answer
Terms of Trade = Export Value / Import Value
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