If for a given quantity of export, more quantity of import can be consumed by a country, then one can say that terms of trade are:
A. Correct
B. Favourable
C. Not correct
D. Unfavourable
Answer:B
If for a given quantity of export, more quantity of import can be consumed by a country, then one can say that terms of trade are:
A. Correct B. Favourable C. Not correct D. Unfavourable