The ratio at which a country can exchange domestic products for imported products is called the terms of trade.
Answer the following statement true (T) or false (F)
True
Economics
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An optimum currency union refers to the decision by a country to:
A) join a monetary union that best serves its self-interest. B) join a free trade area. C) dollarize its economy. D) eliminate tariffs.
Economics
A fall in the government's budget deficit will lower
A) equilibrium GDP and consumption. B) consumption and saving. C) saving and GDP. D) All of the above are correct.
Economics