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Terms of Trade - part 1 and 2

A nation's terms of trade determine the value of its exports relative to the price of its imports. Using price indexes, a nation can calculate its terms of trade and analyze changes in it to determine whether imported goods are becoming relatively cheaper or more expensive compared to its exports.

Part 2 is found here: Terms of Trade - part 2 -...

Disciplines:

Business / Economics / International

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More about this material

Material Type:: Tutorial
Date Added to MERLOT:: July 13, 2021
Date Modified in MERLOT:: September 16, 2021
Author:: Jason Welker
Submitter:: Cathy Swift

Primary Audience:: College General Ed, College Lower Division, College Upper Division
Technical Format:: Video, Website
Mobile Compatibility:: Not specified at this time
Language:: English
Cost Involved:: No
Source Code Available:: Unknown
Creative Commons:: No