1.

The net terms of trade refers to

A. The ratio of unit value index of imports to unit value index of imports.
B. The ratio of unit value of a commodity to per capita income
C. The ratio of unit value of a commodity of domestic country to the unit value of a commodity of foreign countries
D. The ratio of unit value of domestic exports to the unit value of foreign exports
Answer» B. The ratio of unit value of a commodity to per capita income


Discussion

No Comment Found