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

question 83

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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