Exchange rate is when a country focuses its resources on the production of a limited variety of goods and services?

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asked Oct 19, 2023 160k views

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Hyphen · Answer 1 · 2023-10-24T21:12:20+0000

Answer: Terms of trade is the ratio of a country's export price index to its import price index, multiplied by 100. The terms of trade measures the rate of exchange of one good or service for another when two countries trade with each other.

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Exchange rate is when a country focuses its resources on the production of a limited variety of goods and services?

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