Terms of Trade part 2
YOUR LINK HERE:
http://youtube.com/watch?v=Ck148RhQAUg
A nation's terms of trade determine the value of its exports relative to the price of its imports. Using price indexes, a nation can calculate its terms of trade and analyze changes in in it to determine whether imported goods are becoming relatively cheaper or more expensive compared to its exports. • Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870
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