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AP Macroeconomics
Unit 1 – Basic Economic Concepts
Topic 1.3
What do terms of trade in international trade refer to?
The conditions of trade agreements between countries
The ratio at which goods are exchanged between countries
The exchange rates between currencies
The costs associated with transportation and logistics
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AP Macroeconomics - 1.3 Comparative Advantage and Trade
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Terms of Trade
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About Us
About Fiveable
Blog
Careers
Testimonials
Code of Conduct
Terms of Use
Privacy Policy
CCPA Privacy Policy
Resources
Cram Mode
AP Score Calculators
Study Guides
Practice Quizzes
Glossary
Crisis Text Line
Request a Feature
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© 2024 Fiveable Inc. All rights reserved.
AP® and SAT® are trademarks registered by the College Board, which is not affiliated with, and does not endorse this website.
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