Post Utme Futa 2018 Economics Question 28
Practice objective / multiple choice question 28 from the 2018 Post Utme Futa Economics examination.
Consider a country that imports 100 units of a good from another country and exports 50 units of another good to that country. If the terms of trade are given by the ratio of export price to import price, what is the value of the terms of trade?
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About This Question
This is Post Utme Futa 2018 Economics Question 28. It is one of the objective questions from the 2018 Post Utme Futa Economics examination.
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