Express the Number as a Ratio of Integers

question 11

Essay

Express the number as a ratio of integers.

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Definitions:

Merchandise Balance

reflects the difference between a country's exports and imports of physical goods, excluding services.

Trade

The exchange of goods and services between parties, which can occur within a country or internationally, driven by the principle of comparative advantage.

1960s

A decade known for significant cultural, political, and socio-economic changes worldwide.

1970s

A decade from 1970 to 1979 characterized by significant political, social, and economic changes worldwide.