Foreıgn Trade Deneme Sınavı Sorusu #1403762
Which of the following statement correct about the income terms of trade?
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It gives the nation’s export-based capacity to import and an increase in it is a negative sign with respect to its economic development, |
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It gives the nation’s export-based capacity to import and an increase in it is a positive sign with respect to its economic development, |
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It gives the nation’s import-based capacity to export and an increase in it is a positive sign with respect to its economic development, |
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It gives the nation’s import-based capacity to export and an increase in it is a negative sign with respect to its economic |
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It gives the nation’s productive capacity and an increase in it is a positive sign with respect to its economic development, |
KEY TERMS AND CONCEPTS OF INTERNATIONAL TRADE-Income terms of trade
Apart from the commodity or net barter terms of trade which is examined above, there are income terms of trade that are mostly used in studies related with economic development. Income terms of trade gives the nation’s export-based capacity to import. In spite of a deterioration in the commodity terms of trade of the nation, an increase in its income terms of trade is a positive sign with respect to its economic development.
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