The Ratio of a Country's Average Export Price to Its

question 40

Multiple Choice

The ratio of a country's average export price to its average import price is

• A)its absolute advantage.
• B)its comparative advantage.
• C)its terms of trade.
• D)its exchange rate.

---

Definitions:

Cash Overage

A situation where the actual cash on hand exceeds the expected amount, often due to errors in handling or recording.

Shortage

A situation where the demand for a product or resource exceeds the available supply.

Internal Control

Processes and procedures implemented by an organization to ensure the integrity of financial and accounting information, promote accountability, and prevent fraud.

Limitations

Constraints or restrictions that affect the scope, effectiveness, or validity of a process, analysis, or system.