SAGE Reference - Encyclopedia of Business in Today's World

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Terms of Trade

In: Encyclopedia of Business in Today's World
Edited by: Charles Wankel
Subject:General Business & Management
Keywords:comparative advantage; international trade; opportunity costs; prices; pricing; terms of trade; trade

A country's terms of trade is the ratio of its export price index to its import price index. Changes in terms of trade are sometimes used to indicate the direction of change in a country's gains from trade. ...

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  Wankel, C. (2009). Terms of trade. In Encyclopedia of business in today's world (Vol. 1, pp. 1567-1570). SAGE Publications, Inc., https://dx.doi.org/10.4135/9781412964289.n903
  
  Wankel, Charles. "Terms of Trade." In Encyclopedia of Business in Today's World, edited by Wankel, Charles, 1567-70. Thousand Oaks, CA: SAGE Publications, Inc., 2009. https://dx.doi.org/10.4135/9781412964289.n903.
  
  Wankel, C. 2009. Terms of Trade. In: Charles Wankel Editor, 2009. Encyclopedia of Business in Today's World, Thousand Oaks, CA: SAGE Publications, Inc. pp. 1567-1570 Available at: <https://dx.doi.org/10.4135/9781412964289.n903> [Accessed 29 Jan 2022].
  
  Wankel, Charles. "Terms of Trade." Encyclopedia of Business in Today's World. Edited by Vol. 1. Thousand Oaks: SAGE Publications, Inc., 2009, pp. 1567-70. SAGE Knowledge. 29 Jan 2022, doi: https://dx.doi.org/10.4135/9781412964289.n903.
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