MCQOPTIONS
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| 1. |
The terms of trade refers to the rate |
| A. | At which the goods of one country is exchanged for the goods of another country |
| B. | At which the price of a country s import is calculated |
| C. | At which the price of a country s export is calculated |
| D. | All of the above |
| Answer» B. At which the price of a country s import is calculated | |