Post Utme Greenfield University 2018 Commerce Question 27

Practice objective / multiple choice question 27 from the 2018 Post Utme Greenfield University Commerce examination.

Post Utme Greenfield University 2018 Commerce Objective / Multiple Choice
Question 27 POST_UTME_GREENFIELD_UNIVERSITY • 2018 • COMMERCE • objective

In the context of international trade, what is the term for the difference between the price of a product in the domestic market and the price of the same product in the foreign market?

Answer Options

A. Trade deficit
B. Trade surplus
C. Comparative advantage
Correct Answer D. Terms of trade
Correct Answer
D
Correct Option:
Terms of trade

About This Question

This is Post Utme Greenfield University 2018 Commerce Question 27. It is one of the objective questions from the 2018 Post Utme Greenfield University Commerce examination.

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