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Terms of trade simply means the price
Classroom
Economics Classroom
Waec
Waec 1995
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Terms of trade simply means the price
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Ratio of import to export
B
Ratio of export multiplied by import
C
Ratio of export to import
D
Ratio of export multiplied by price ratio of import
E
Of export minus price of import
Show Answer
Show Explanation
Correct Answer:
Option C
Explanation:
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