MCQOPTIONS
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| 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 | |