4.8+Terms+of+Trade

= 4.8 Terms of Trade =


 * ===__ Definition of terms of trade __===
 * ===__ Consequences of a change in the terms of trade for a country’s balance of payments and domestic economy __===
 * ===__ The significance of deteriorating terms of trade for developing countries __===


 * ===__ Measurement of terms of trade __===
 * ===__ Causes of changes in a country’s terms of trade in the short run and long run __===


 * ===__ Elasticity of demand for imports and exports __===