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Suppose that originally the average price of Happy Island's exports was 180,and the average price of its imports was 120.Now,the price of its exports drops to 160,and the price of its imports drops to 100.What effect will this have on Happy Island's terms of trade?
Stranger
A person whom one does not know or with whom one is not familiar, often invoking a sense of unfamiliarity or caution.
Vary
To exhibit differences or changes in characteristics, amount, or other measurable attributes under different conditions or over time.
Chronological Age
The amount of time that has passed since an individual's birth, measured in years.
Mental Age
Mental Age is a concept used to describe an individual's cognitive ability level, expressed in terms of the average age at which normal individuals reach a particular level of mental performance.
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