The ratio between a country's exports and her imports prices is the

COMMERCE
WAEC 2014

The ratio between a country's exports and her imports prices is the

  • A. balance of trade
  • B. balance of payments
  • C. terms of trade
  • D. exchange rate

Correct Answer: C. terms of trade



Post an Explanation Or Report an Error
If you see any wrong question or answer, please leave a comment below and we'll take a look. If you doubt why the selected answer is correct or need additional more details? Please drop a comment or Contact us directly. Your email address will not be published. Required fields are marked *
Add Math
Don't want to keep filling in name and email whenever you make a contribution? Register or login to make contributing easier.