A country's terms of trade are said to improve when the ratio of her export
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Correct Answer: Option C
Explanation:
Terms of trade (TOT) represent the ratio between a country's export prices and its import prices.. It improves When the exports are higher than the imports.Â
Terms of trade (TOT) represent the ratio between a country's export prices and its import prices.. It improves When the exports are higher than the imports.Â