The terms of trade (TOT) is defined as
A) (index of export prices)/(index of import prices).
B) (home-country currency)/(foreign-country currency).
C) .
D)
E) having a competitive advantage over other nations.
A
Economics
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a. people are greedy b. they are produced using scarce resources c. firms keep production low in order to earn higher profits d. they are produced by firms that seeks profits e. government wants to maintain its power over the economy
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Economic discrimination occurs when two equal factors of production are paid differently
a. True b. False Indicate whether the statement is true or false
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