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Exchange rate is when a country focuses its resources on the production of a limited variety of goods and services?
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Exchange rate is when a country focuses its resources on the production of a limited variety of goods and services?

User Bondax
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Answer: Terms of trade is the ratio of a country's export price index to its import price index, multiplied by 100. The terms of trade measures the rate of exchange of one good or service for another when two countries trade with each other.

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User Webclimber
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