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6.1.3 exports, imports and the terms of trade
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What Are the Terms of Trade?

What Are the Terms of Trade?

The terms of trade measure the average price of a country's exports relative to the average price of its imports. They are expressed as an index, so they compare prices rather than the physical volume of goods traded.

6.1.3 exports, imports and the terms of trade Lesson

  1. Intl A Level
  2. /Economics
  3. /6.1.3 exports, imports and the terms of trade

Step-by-step lessons on CIE Intl A Level Economics 6.1.3 exports, imports and the terms of trade. Each one builds up to exam-style questions.