Let P x represent the price of exports and Pm the price of imports. Then the terms of trade (TOT) are said to be favourable if - SchoolNGR

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Let P x represent the price of exports and Pm the price of imports. Then the terms of ...

Let P _x represent the price of exports and P_m the price of imports. Then the terms of trade (TOT) are said to be favourable if

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A \(\frac{Px}{Pm}\)
B \(\frac{Px}{Pm}\)=1
C \(\frac{Px}{Pm}\)>1
D \(\frac{Px}{Pm}\)+1

Correct Answer: Option C

Explanation:

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