Question: Using the table below, Calculate the Net Barter term of trade for each year using 2010 as the base year. YEAR PRICE OF EXPORTS PRICE

  1. Using the table below, Calculate the Net Barter term of trade for each year using 2010 as the base year.
YEAR PRICE OF EXPORTS PRICE OF IMPORTS QUANTITY EXPORTED
2010 100 100 100
2011 95 120 110
2012 80 110 120

  1. Using the information provided above calculate the Income Term of trade. What can be observed between the Net Barter Term of trade and Income term of trade calculated.
  2. d. Explain he differences between the Ohlin and Leontif theory on factor abundance.

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