Which of the following statements is true a..

Question 1 Report

Which of the following statements is true about terms of trade?

Terms of trade shows the difference between the values of export and imports

Terms of trade indicate the rate at which exports exchange for imports

It is the ration of price index of exports to imports

It is usually expressed as percentage

A rise in the price of export relative to imports is an improvement

Which of the following statements is true about terms of trade?