What Is the Meant by the Terms of Trade

question 14

Multiple Choice

What is the meant by the terms of trade?

• A)The ratio of the average price of exports to the average price of imports.
• B)The ratio of the average value of imports to the average value of exports.
• C)The ratio of the average volume of exports to the average volume of imports.
• D)The ratio of the unit value of imports to the unit value of exports.

---

Definitions:

Executive Summary

A brief section at the beginning of a document, report, or proposal that summarizes the main points and findings.

Synopsis

A brief summary or general overview of content.

Requirements Section

A part of a document or plan that specifies needs or conditions to be met.

Request for Proposals

A formal document issued by an organization inviting suppliers to submit proposals for a specified product or service.