The 'terms of trade' means

Economics

JAMB 1979

A. the trade agreement between two countries
B. the difference in the volumes of exports of two countries
C. the value of a unit of export in relation to the value of a unit of import
D. the production of total value of exports to the value of total trade
E. None of the above

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Correct Answer: Option C

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The 'terms of trade' means

Correct Answer: Option C

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