Which of the Following Terms-Of-Trade Concepts Is Calculated by Dividing

question 74

Multiple Choice

Which of the following terms-of-trade concepts is calculated by dividing the change in a country's export price index by the change in its import price index between two points in time, multiplied by 100 to express the terms of trade in percentages?

• A) commodity terms of trade
• B) marginal rate of transformation
• C) marginal rate of substitution
• D) autarky price ratio

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Definitions:

Disjuncts

Components of a logical disjunction, or an "or" statement, where either one or the other (or both) of the elements is true.

Assert Propositions

The act of confidently stating or affirming a propositional statement as true or valid in a discourse or argument.

Sentence

A set of words that is complete in itself, expressing a statement, question, exclamation, or command, and consisting of a main clause and sometimes one or more subordinate clauses.

Proposition Not-p

A logical representation denoting the negation of a proposition p, effectively stating that p is not true.