What Is the Definition of "The Terms of Trade

question 125

Multiple Choice

What is the definition of "the terms of trade"?

• A)It is the average price of a country's imports divided by the average price of its exports.
• B)It is the average price of a country's exports divided by the average price of its imports.
• C)They are the rules and regulations governing international trade.
• D)The value of a country's currency compared to that of its biggest trading partner.

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Definitions:

Secreted

The process by which substances are produced and discharged from a cell, gland, or organ for a particular function in the organism or for excretion.

Parasympathetic Nervous System

A branch of the autonomic nervous system responsible for conservation of body's energy and restoring the body to a state of calm.

Somatic Nervous System

A part of the peripheral nervous system associated with the voluntary control of body movements through the action of skeletal muscles.

Spinal Cord

The major channel of information that connects the brain to the body, conducting sensory and motor information to and from the peripheral nervous system.