What Is the Formula for the Terms of Trade

question 123

Multiple Choice

What is the formula for the terms of trade?

• A)Total volume of exports/total volume of imports x 100.
• B)Average price of imports/average price of exports x 100.
• C)Average price of exports/average price of imports x 100.
• D)Total volume of exports minus total volume of imports.

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Definitions:

War

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Stephen Austin

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Autonomy

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