Terms of trade: Difference between revisions
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'''Terms of trade''' is a name for the ratio of the index of a country's export prices to the index of its import prices. A country's terms of trade are said to improve if its export prices rise faster (or fall more slowly) than its import prices. | '''Terms of trade''' is a name for the ratio of the index of a country's export prices to the index of its import prices. A country's terms of trade are said to improve if its export prices rise faster (or fall more slowly) than its import prices. | ||
(See also [[International Economics]]) | (See also [[International Economics]], [[Balance of payments]]) | ||
Revision as of 00:59, 28 January 2008
Terms of trade is a name for the ratio of the index of a country's export prices to the index of its import prices. A country's terms of trade are said to improve if its export prices rise faster (or fall more slowly) than its import prices.
(See also International Economics, Balance of payments)