The terms of trade are said to be favorable only if

a

Value of total exports equals value of total imports

b

Value of merchandise exports is greater than value of merchandise imports

c

There are no balance of payments problems

d

There is an increase in the value of a unit of export in terms of imports

e

Foreign exchange reserves do not change

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d

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vincentfrancisca
9 months ago

Pls what the correct answers and most of the questions have not explanation

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