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Author Question: The terms of trade refers to (Read 48 times)

lidoalex

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on: Apr 19, 2019

Question 1

Refer to the information provided in Table 33.2 below to answer the question(s) that follow.










Refer to Table 33.2. Which terms of trade benefits both countries?


◦ 1 tractor for 10 motorcycles
◦ 1 tractor for 12.5 motorcycles
◦ 1 motorcycle for 10 tractors
◦ 1 motorcycle for 1/5 of a tractor

Question 2

The terms of trade refers to


◦ the documents that two countries sign in order to facilitate trade.
◦ the conditions imposed by the importing country regarding the quality of the imported goods.
◦ the exchange rate determined by the exporting and the importing countries.
◦ the ratio at which one country trades a domestic product for imported product.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by lidoalex on Apr 19, 2019

covalentbond

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Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lidoalex

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Reply #2 on: Apr 19, 2019
Excellent


covalentbond

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Reply #3 on: Apr 19, 2019
Great! Please up vote :D


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