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SVETLANKA909090 [29]
3 years ago
11

Terms of trade means ?​

Geography
2 answers:
aleksklad [387]3 years ago
7 0

Answer:

Terms of trade are defined as the ratio between the index of export prices and the index of import prices. If the export prices increase more than the import prices, a country has a positive terms of trade, as for the same amount of exports, it can purchase more imports.

Explanation:

Terms of Trade (TOT) The relationship between how much money a country spends importing and how much money a country makes exporting.

Pie3 years ago
3 0

Answer:

<em>Terms of trade are defined as the ratio between the index of export prices and the index of import prices. If the export prices increase more than the import prices, a country has a positive terms of trade, as for the same amount of exports, it can purchase more imports.</em>

<em>God</em><em> </em><em>bless</em><em> </em><em>you</em><em> </em><em />

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