The Average Price of Exports Divided by the Average Price

question 170

Multiple Choice

The average price of exports divided by the average price of imports is called the

• A) terms of trade.
• B) average cost ratio.
• C) export-import ratio.
• D) trade balance.

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Definitions:

Linguistic Determinism

The concept that language determines or significantly influences thought patterns and perceptions of the world.

Language Acquisition

The process by which humans gain the ability to perceive and comprehend language, as well as to produce and use words and sentences to communicate.

Insight Theory

A psychological theory suggesting that problem-solving can sometimes happen suddenly through understanding the relationships between various parts of a problem rather than through trial and error.

Language On Thinking

The influence of language on cognitive processes and the way individuals conceptualize the world.