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Terms of Trade refers to the value of the country's exports relative to that of the country's imports. If a country's terms of trade is less than 100% there is more capital leaving the country, buying imports, than there is coming in from exports. It is possible to determine the health of the country's economy from these figures
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Explain what is meant by Terms of Trade and why it is an important economic statistics?
yes
How can one calculate the terms of trade to determine comparative advantage in trade?
To calculate the terms of trade and determine comparative advantage in trade, one can use the formula: Terms of Trade Price of Exports / Price of Imports. By comparing the terms of trade between countries, one can identify which country has a comparative advantage in producing certain goods or services.
What are terms of trade?
terms of trade expresses the relationship between the prices at which a country sells its exports and the prices paid for imports.
What important trade did the Hudson bay company control?
the important trade was Fur.
What is the difference between terms of trade and balance of trade?
terms of trade is the relationship of prices of imports and exportstot=price index of imports---- price index of exportsbalance of trade is the difference between total exports and total importsbot=totall exports- total imports
Explain what is meant by Terms of Trade and why it is an important economic statistics?
yes
Why were Hans wolfgang singer and raul prebisch important in the world of economic trade and what was their tie in with tot terms of trade?
ther is no answer
How can one calculate the terms of trade to determine comparative advantage in trade?
To calculate the terms of trade and determine comparative advantage in trade, one can use the formula: Terms of Trade Price of Exports / Price of Imports. By comparing the terms of trade between countries, one can identify which country has a comparative advantage in producing certain goods or services.
Which of these terms is also defined as unrestricted trade?
free trade
What are terms of trade?
terms of trade expresses the relationship between the prices at which a country sells its exports and the prices paid for imports.
What trade was important in Ephesus?
The slave trade was important in Ephesus
What does TOFT mean with escorts?
terms of trade
Is to barter to trade?
The terms are interchangeable, yes.
Is the triagle trade important today?
not as important as a square or hexagon trade
What important trade did the Hudson bay company control?
the important trade was Fur.
What has the author Ajit Kumar Ghose written?
Ajit Kumar Ghose has written: 'Agriculture-industry terms of trade and distributive shares in a developing economy' -- subject(s): Produce trade, Terms of trade
Are terms of trade good or bad?
Terms of trade can be considered good or bad depending on the context and perspective. When a country's terms of trade improve, it means it can export goods for more valuable imports, benefiting its economy and consumers. Conversely, deteriorating terms of trade can harm an economy by increasing the cost of imports relative to exports, potentially leading to reduced economic growth and lower living standards. Ultimately, the impact of terms of trade is influenced by various factors, including a country's economic structure and global market conditions.
