The concept of gross barter terms of trade was introduced by
A) Jacob Viner
B) Adam Smith
C) Lionel Robbins
D) F.W. Taussig
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
Q23: A single factoral terms of trade shows
Q24: The concept of commodity or net barter
Q25: The term 'terms of trade' between two
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