Given \(\frac{\text{index of export price}}{\text{index of import price}}\) X \(\frac{100}{1}\) The formular above can be...

JAMB 2016

Given \(\frac{\text{index of export price}}{\text{index of import price}}\) X \(\frac{100}{1}\)

The formular above can be used to determine the

A. terms of payment
B. balance of payments
C. tearms of trade
D. import tariffs

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Correct Answer: Option C

Explanation

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Given \(\frac{\text{index of export price}}{\text{index of import price}}\) X \(\frac{100}{1}\) The formular above can be...

Correct Answer: Option C

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