The terms of trade refers to
A. the ratio at which one country trades a domestic product for an imported product.
B. the exchange rate determined by the exporting and the importing countries.
C. the documents that two countries sign in order to facilitate trade.
D. the conditions imposed by the importing country regarding the quality of the imported goods.
Answer: A
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A) a loan of $1 million from Bank of America to Brazil B) foreign aid to El Salvador C) an Air France ticket bought by an American D) income earned by General Motors from its plants abroad
Borrowing VCU3 from an online company cause the nation's:
a. Monetary base to fall. b. M2 money supply to rise. c. M2 money multiplier to fall. d. Monetary base to remain the same.
Which of the following is the best example of an investment in human capital?
A. on-the-job training received by an apprentice electrician B. an increase in the number of hours worked per week by a worker in an unskilled laboring job C. the purchase of company stock by a worker D. payments into a retirement pension plan by a skilled laborer
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A. significantly higher than B. significantly lower than C. close to D. unrelated to