If the Terms of Trade of a Nation Are 1

question 8

Multiple Choice

If the terms of trade of a nation are 1.5 in a two-nation world,those of the trade partner are:

• A)3/4
• B)2/3
• C)3/2
• D)4/3

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Definitions:

Durkheim

A French sociologist, Émile Durkheim, known for his foundational contributions to the field of sociology, particularly in the areas of social cohesion and the study of social institutions.

Social Solidarity

The bonds that unite individuals within a society, based on shared norms, values, and interests, facilitating societal cohesion.

Messages

are units of communication intended to convey information, thoughts, or feelings from one entity to another.

Enlightenment

A philosophical movement in the 17th and 18th centuries emphasizing reason, individualism, and skepticism of traditional doctrines.