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Trade.: - The Ratio at Which A Country Can Trade Domestic Products For Imported Products Is The Terms of

The terms of trade refers to the ratio at which a country can trade domestic products for imported products, and determines how the gains from trade are distributed among trading partners. The terms of trade influence how trading partners divide the benefits of exchanging goods and services.

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Mozam Mushtaq
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16 views

Trade.: - The Ratio at Which A Country Can Trade Domestic Products For Imported Products Is The Terms of

The terms of trade refers to the ratio at which a country can trade domestic products for imported products, and determines how the gains from trade are distributed among trading partners. The terms of trade influence how trading partners divide the benefits of exchanging goods and services.

Uploaded by

Mozam Mushtaq
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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The ratio at which a country can trade domestic products for imported products is the terms of

trade.
The terms of trade determine how the gains from trade are distributed among trading partners.

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