Terms of trade: Difference between revisions
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"Terms of trade" is a name for the ratio of the index of a country's export prices to the index of its import prices. A country's terms of trade are said to improve if its export prices rise faster (or fall more slowly) than its import prices. | "Terms of trade" is a name for the ratio of the index of a country's export prices to the index of its import prices. A country's terms of trade are said to improve if its export prices rise faster (or fall more slowly) than its import prices. | ||
(See also [[International Economics]]) | |||
Revision as of 06:29, 5 January 2008
"Terms of trade" is a name for the ratio of the index of a country's export prices to the index of its import prices. A country's terms of trade are said to improve if its export prices rise faster (or fall more slowly) than its import prices.
(See also International Economics)