What is meant by the commodity, or net barter, terms of trade? The income terms of trade?

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What is meant by the commodity, or net barter, terms of trade? The income terms of trade? The single factoral terms of trade? The double factoral terms of trade? Which are the most significant terms of trade for developing nations? Why?

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International Economics

ISBN: 978-1118955765

12th edition

Authors: Dominick Salvatore

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Question Posted: Oct 27, 2017 09:29 AM

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What is meant by the commodity, or net barter, terms of trade? The income terms of trade?

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Commodity or net barter terms of trade N is the ratio of the price index of the nations exports P X ...View the full answer

International Economics

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