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Author Question: Which concept refers to the relative prices of goods a country imports and exports? a. Balance of ... (Read 74 times)

123654777

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on: Sep 3, 2018
Which concept refers to the relative prices of goods a country imports and exports?
 
  a. Balance of payments
  b. Capital account
  c. Foreign debt
  d. Terms of trade

Question 2

The availability of investment funds for late developers may not be as critical an issue today as in the past because
 
  a. late developers can produce on a larger scale, lowering costs.
  b. late developers increasingly are able to rely on domestic savings for capital.
  c. financial markets have been globalized making it easier for foreign investment.
  d. agriculture is the primary industry of late developers.


vboyd24

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Reply #1 on: Sep 3, 2018
Answer to Question 1

d

Answer to Question 2

c


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