The Terms of Trade

question 84

Multiple Choice

The terms of trade

• A) determine the prices of imports and exports.
• B) are equal to P_m/P_x.
• C) can determine only the price of imports.
• D) can determine only the price of exports.

---

Definitions:

Self-Contradictory

A declaration or claim that contradicts itself or lacks logical consistency.

Conjunction

In logic and grammar, a connective word or phrase that joins together sentences, phrases, concepts, or elements of the same logical type.

Self-Contradictory

A statement or proposition that contradicts itself or is logically inconsistent.

Inconsistent

Describes a condition of being in conflict, having statements or beliefs that cannot all be true at the same time.