The Ratio of the Price of Exported Goods to the Price

question 129

True/False

The ratio of the price of exported goods to the price of imported goods (P_x/P_m) is known as the balance of trade.

---

Definitions:

Canalization

A concept in developmental biology and psychology referring to the ability of an organism to produce the same phenotype regardless of variability in its environment or genotype.

Human Faces

The front part of a person's head, including the eyes, nose, mouth, and expression, important for identity and emotional communication.

Infants

Very young children or babies, typically under one year of age.

Eyes

Organs of the visual system in humans and many animals, responsible for the ability to receive and process visual details, leading to sight.