The terms of trade between two countries refers to what price the two countries agree upon for their imports and exports. Because, by definition, terms of commerce refer to the ratio of export prices to import prices.
<h3>What is terms of trade?</h3>
The ratio of the index of export prices to the index of import prices is known as terms of trade.
If export prices rise faster than import prices, a country's terms of trade improve, allowing it to buy more imports for the same quantity of exports.
Thus option A is correct.
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Answer:
a. complement
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks, etc.
In this scenario, Nintendo built a security chip into its game console hardware and then licensed the right to develop games to outside firms. Subsequently, royalties are then paid by the business firms to Nintendo for each copy of the game sold. Thus, this is an example of Nintendo using complement products.
A complementary product can be defined as any product that's typically used in conjunction with another product and as such it adds value to the other product.
The following statement does not hold true about 24 hour coverage- <u>It reduces litigation concerning cause of injury or disease.</u>
Explanation:
The 24-hour coverage consist of both Health coverage and worker's compensation coverage .
The important feature of the 24 Hour coverage policy are:-
- It covers all the health care needs of an employee -<u>Both occupational and non-occupational health care needs are covered under this policy.</u>
- All the health care needs are covered by a single health care provider
- As the coverage is termed as 24 hour coverage -<u>it exist round the clock</u>
So the answer is (D) It reduces litigation concerning cause of injury or disease.(Not covered under 24 hour coverage)
<span>75%. This is indicative both of how accustomed people have become to driving in first world countries as well as infrastructure challenges that work to dissuade walking or other modes of transportation.</span>
