If Canada's Index of Export Prices Is 250 and the Index

question 7

Multiple Choice

If Canada's index of export prices is 250 and the index of import prices is 200,then the index of the terms of trade is

• A)125.
• B)80.
• C)50
• D)1.25.
• E)0.8.

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Definitions:

Trade Name

A business's official name under which it operates and is known to the public, distinct from its legal registered name.

Sole Proprietor

An individual who owns and operates a business alone, without forming a corporation or partnership, bearing unlimited liability.

Personal Income Taxes

Taxes levied by governments on individuals or households based on their total income from all sources.

Business Income Taxes

Taxes levied on the earnings of companies and businesses, calculated based on the net income or profit of the entity.