The concept of commodity or net barter terms of trade has been used by economists to measure
A) The gains from domestic trade
B) The gains from internal trade
C) The gains from international trade
D) The gains from prices
Correct Answer:
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Q15: The various methods of measuring gains from
Q16: According to Jacob Viner, the classical economists
Q17: The classical theorists believed that the gains
Q18: The modern economists considered the gains from
Q19: The concept of single factoral terms of
Q20: Mill's theory of reciprocal demand is based
Q21: When the export prices of a country
Q22: The concept of gross barter terms of
Q23: A single factoral terms of trade shows
Q25: The term 'terms of trade' between two
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