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:

Eurotunnel

A major infrastructure project, also known as the Channel Tunnel, that connects the UK and France beneath the English Channel.

Commercial Traffic

The movement of goods and services or the flow of commercial transportation vehicles within a specified area or route.

Budget Airlines

Carriers that offer low flight fares by minimizing operating costs and providing fewer amenities compared to traditional airlines.

Hormone

A chemical messenger produced by glands in the body that regulates physiological processes and behavior.