What Is the Formula for the Terms of Trade

question 123

Multiple Choice

What is the formula for the terms of trade?

• A)Total volume of exports/total volume of imports x 100.
• B)Average price of imports/average price of exports x 100.
• C)Average price of exports/average price of imports x 100.
• D)Total volume of exports minus total volume of imports.

Understand the method of least squares for fitting regression lines to data.

Learn the definitions and roles of dependent and independent variables in regression analysis.

Comprehend the concept of unbiased estimators in the context of regression parameters.

Recognize the necessity of quantitative data in regression analysis.

---

Definitions:

Clustering

A process in machine learning and statistics where groups of similar objects or data points are identified and grouped together.

Keeping A Journal

The practice of regularly recording one's thoughts, experiences, and observations in a diary or notebook.

Brainstorming

Brainstorming is a creativity technique involving the spontaneous contribution of ideas from all members of a group to solve a problem or generate ideas.

Focused Freewriting

A writing strategy intended to promote ideation and creative thought by writing continuously for a set period without regard to spelling, grammar, or topic coherence, while maintaining focus on a particular subject.