Asked by Jakob Deckard on Apr 29, 2024
Verified
The terms of trade will favor a larger nation over a smaller nation.
Terms Of Trade
The ratio of a country's export prices to its import prices, affecting the volume of imports that can be bought with a given volume of exports.
- Learn the key aspects of international trade and their economic significance for countries.
Verified Answer
BN
Braden NobleApr 30, 2024
Final Answer :
False
Explanation :
The terms of trade depend on factors such as the countries' relative productivity, the global demand for their exports, and their import needs, rather than simply the size of the nation.
Learning Objectives
- Learn the key aspects of international trade and their economic significance for countries.
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