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The Terms of Trade (TOT)is Defined as
A)(index of Export R∗ R^{*}

Question 40

Multiple Choice

The terms of trade (TOT) is defined as


A) (index of export prices) /(index of import prices) .
B) (home-country currency) /(foreign-country currency) .
C) R∗ R^{*} ( P∗P \frac{P^{*}}{P} )
D) R∗ R^{*} ( PP∗ \frac{P}{P^{*}} )
E) having a competitive advantage over other nations.

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