Author Question: The prices of a country's exports relative to its imports are known as the _________. a. trade ... (Read 42 times)

jake · **on:** Sep 3, 2018

The prices of a country's exports relative to its imports are known as the _________.

a. trade balance c. terms of trade
b. equity of trade d. trade level

Question 2

World system theorists argue that when countries of the periphery became politically sovereign, or independent, in the nineteenth and twentieth centuries, their ruling elites

a. cut off all economic ties with the world economy.
b. cut off all political ties with the world economy.
c. cut off political and economic ties with the world economy.
d. maintained close economic ties to the world economy.