The Terms of Trade Refers to

question 56

Multiple Choice

The terms of trade refers to

• A)the rules and regulations that countries must adhere to when trading.
• B)the ratio at which a country can trade its exports for imports from other countries.
• C)the role of the government in overseeing international trade.
• D)a legal document that specifies the trade quantities agreed to by two countries.

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Definitions:

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