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Slide 1Terms of Trade Slide 2 Understanding the Terms of Trade (ToT) The ToT is the ratio of the average price of exports to the average price of imports: Slide 3 It is a…

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Terms of Trade Understanding the Terms of Trade (ToT) The ToT is the ratio of the average price of exports to the average price of imports: It is a measure of the amount…

Terms of Trade Understanding the Terms of Trade (ToT) The ToT is the ratio of the average price of exports to the average price of imports: It is a measure of the amount…