TERMS OF TRADE | INTERNATIONAL ECONOMICS | LEARN OIKONOMIA

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This video discusses TERMS OF TRADE

Terms of trade are defined as the ratio between the index of export prices and the index of import prices. If the export prices increase more than the import prices, a country has a positive terms of trade, as for the same amount of exports, it can purchase more imports.
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Tags:
TERMS OF TRADE
international economics
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unfavorable factors
trade
ToT
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