Question
Net Barter Terms of Trade is defined as the ratio of
A. Quality of exports to imports.
B. Value of exports to the value of imports.
C. Export prices to the import prices.
D. Consumer price index to the inflation rate.
A. Quality of exports to imports.
B. Value of exports to the value of imports.
C. Export prices to the import prices.
D. Consumer price index to the inflation rate.
Answers
GPT-4o mini
The correct answer is C. Export prices to the import prices.
Net Barter Terms of Trade measures the relative price of a country's exports in relation to its imports, which is often expressed as the ratio of export prices to import prices.
Net Barter Terms of Trade measures the relative price of a country's exports in relation to its imports, which is often expressed as the ratio of export prices to import prices.