What do economists call the amount of imports that can be purchased per unit of exports?
A)A trade barrier.
B)The terms of trade.
C)Autarky.
D)A free trade agreement.

Question

Quizplus · Accepted Answer

The amount of imports that can be purchased per unit of exports is called the terms of trade. It is an important concept in international trade as it reflects the relative value of a country's exports compared to its imports. A favorable terms of trade means that a country can purchase more imports for each unit of export sold.

What Do Economists Call the Amount of Imports That Can