Which of the Following Is Not True of the Terms

question 76

Multiple Choice

Which of the following is not true of the terms of trade?

• A)They are determined by supply and demand factors.
• B)They lie somewhere between the opportunity costs of the trading partners.
• C)GATT begins negotiations on the terms of trade.
• D)They depend on negotiations between trade partners.
• E)They often favor one partner more than the other.

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