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:
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I would say the third option:</u></h2><h2><u>
be simple and developed to meet your needs</u>
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Explanation:
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Answer:
$2,248,660
Explanation:
According to the scenario, computation of the given data are as follows,
Particulars Amount
Retained Earning $682,100
Correction of repairs expense (Add) $89,160
Net income (Add) $1,558,700
Dividend Paid (Less) $81,300
Net retained earning $2,248,660
Answer:
Customers walking into the fast-food restaurants and joining the shortest queues for food, or selecting a queue from lines of equal length, instead of choosing to wait in longer queues to purchase food.
Explanation:
Answer:
Shift in supply curve, movement along supply curve
Explanation:
A shift in supply curve occurs due to changes in other factors other than price . Examples include increase in cost on inputs(raw materials), increase in government taxes; these two will cause the supply curve to shift to the left. On the other hand, movement along supply curve is due to changes in price of the good or service supplied; the higher the price, the higher supply hence an upward movement along the supply curve.
