Foreıgn Trade Deneme Sınavı Sorusu #1403737
Which of the following statement correctly defines terms of trade?
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the ratio of exports to imports. |
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the ratio of the price index of its exports to imports. |
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the ratio of exports to the price index of imports. |
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the ratio of the price index of its exports to the price index of its imports. |
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the ratio of commodity trade to barter trade. |
KEY TERMS AND CONCEPTS OF INTERNATIONAL TRADE-Terms of trade
Another key term which is used within the scope of international trade is terms of trade. Terms of trade of a nation are found by the ratio of the price index of its exports to the price index of its imports. If this ratio is to be expressed in percentage, it is multiplied by hundred. These terms of trade can also refer to commodity terms of trade or net barter terms of trade.
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