The Average Price of Exports Divided by the Average Price

question 170

Multiple Choice

The average price of exports divided by the average price of imports is called the

• A) terms of trade.
• B) average cost ratio.
• C) export-import ratio.
• D) trade balance.

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Definitions:

Meatus

A meatus refers to a natural body passage or opening, such as the urinary meatus in the urethra or the nasal meatus in the nasal cavity.

Foramen

A natural opening or passage, especially in a bone, through which nerves or blood vessels may pass.

Yellow Bone Marrow

A type of bone marrow primarily composed of fat cells, which serves as a storage reserve of fats and contributes to energy supply.

Medullary Cavity

The central cavity of bone shafts where red bone marrow and/or yellow bone marrow (fat) is stored; it is found within the diaphysis of long bones.