18·不RER(Terms of Trade)和币爽? – InterviewSolution

1.	18·不RER(Terms of Trade)和币爽?
Answer» However, such gain from specialisation and exchange depends on theterms of trade(TOT). It refers to the quantity of imports that exports buy. It is measured by the ratio of export price to import price. It is the ratio at which a country can export or sell domestic goods for imported goods.

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