Inter-sectoral terms of trade in an economy refers to
A. ratio of prices received and paid by the farmers.
B. ratio of domestic and international price of farm commodities.
C. terms at which government purchases farm produce.
D. trade of industrial products in the foreign markets.
Answer:A
Inter-sectoral terms of trade in an economy refers to
A. ratio of prices received and paid by the farmers. B. ratio of domestic and international price of farm commodities. C. terms at which government purchases farm produce. D. trade of industrial products in the foreign markets.