Asymmetric Information & Trade Policies for the Developing Nations Mcqs
Q. In the Px = export price index, Pm = import price index, Qx = export quantity index,and Qm = import quantity index. Developing countries tend to maintain that their commodity term of trade have declined over the long run suggesting that _________ has declined?
a. Px/Pm
b. Pm/Px
c. (Pm/Px)Qm
d. (Px/Pm)Qx
No explanation is available for this question!