Economics 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 A. Px/pm
  • B B. Pm/px
  • C C. (pm/px)qm
  • D D. (px/pm)qx
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