If the Prices of a Country's Exports Decrease and the Prices

question 44

True/False

If the prices of a country's exports decrease and the prices of its imports increase, then the terms of trade will move in its favour.

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Definitions:

Labor Migration

The relocation of individuals from one region to another with the aim of finding work.

Labor Unions

Organizations representing workers' interests, focusing on negotiating wages, work rules, complaint procedures, rules governing hiring, firing, and promotion of workers, benefits, workplace safety and policies.

International Migrants

Individuals who move from one country to another, either temporarily or permanently, for reasons such as employment, education, or to escape conflict.

Home Countries

Refers to the countries where multinational corporations are headquartered.