What Are Terms of Trade

question 38

Multiple Choice

What are terms of trade?

• A) the series of international agreements that a country agrees to abide to in the world economy
• B) the relative values of its exports and imports
• C) the network of functions that connect a country to the international economy
• D) laws that a country must skirt if it is to make a profit
• E) the surplus items that a country has available for export

---

Definitions:

English-Speaking Classes

Educational sessions aimed at teaching students how to speak and understand the English language.

Conservation Task

A concept in cognitive development theory referring to a child’s ability to understand that quantities remain constant despite changes in their shape or arrangement.

Routine

A sequence of actions regularly followed; a fixed program.

Culture

A set of shared attitudes, values, goals, and practices that characterizes an institution, organization, or group, or the way of life of a group of people.