Terms of trade that relate to the Real Ratio of international exchange between commodities is called

Terms of trade that relate to the Real Ratio of international exchange between commodities is called

Q. Terms of trade that relate to the Real Ratio of international exchange between commodities is called:

  1. Real cost terms of trade
  2. Commodity terms of trade
  3. Income terms of trade
  4. Utility terms of trade

Answer: Income terms of trade

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