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Given the economic activities of farmers, the terms of trade of farm products are........ 1) defined as the product of prices received and prices paid
Given the economic activities of farmers, the terms of trade of farm products are........
1) defined as the product of prices received and prices paid by farmers.
2) defined as the sum of prices received and prices paid by farmers.
3) defined as the ratio of prices paid to prices received by farmers.
4) defined as the ratio of prices received to prices paid by farmers.
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