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प्रश्न
Define terms of Trade.
उत्तर
Terms of Trade:
The gains from international trade depend upon the terms of trade which refers to the ratio of export prices to import prices. It is the rate at which the goods of one country are exchanged for goods of another country’. It is expressed as the relationship between export prices and import prices. Terms of trade improve when average price of exports is higher than the average price of imports.
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संबंधित प्रश्न
Which of the following factors influence trade?
Who among the following enunciated the concept of single factor terms of trade?
Terms of Trade of a country show ______.
Favorable trade means the value of exports is ______ than that of imports.
Explain the Net Barter Terms of Trade and Gross Barter Terms of Trade.
Explain the types of Terms of Trade given by Viner.
