The Terms of Trade (TOT)is Defined as

question 55

Multiple Choice

The terms of trade (TOT) is defined as

• A)(index of export prices)/(index of import prices).
• B)(home-country currency)/(foreign-country currency).

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Definitions:

Medulla

An area of the brainstem that controls vital bodily functions such as heart rate, breathing, and blood pressure.

Higher-Level Thinking

Complex cognitive processes including analysis, evaluation, synthesis, and creativity, going beyond basic memorization or recall of facts.

Memory

The faculty by which the mind stores and remembers information.

Canalization

The tendency of growth rates to return to normal after undergoing environmentally induced change.