Question
The terms of trade between two countries refer to A) What price the two countries agree upon for their imports and exports. B) The rules
The terms of trade between two countries refer to
A) What price the two countries agree upon for their imports and exports.
B) The rules governing trade between the two countries.
C) The amount of good A given up for good B.
D) The terms set by the World Trade Organization for trade.
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Macroeconomics Principles And Policy
Authors: William J. Baumol, Alan S. Blinder
11th Edition
0324586213, 978-0324586213
