Re: JNU 2013 SSS DISCUSSION

Posted by Homer Simpson on Apr 15, 2014; 2:55pm
URL: http://discussion-forum.276.s1.nabble.com/JNU-2013-SSS-DISCUSSION-tp7584716p7586971.html

for 69, terms of trade formula = agricultural prices/industry prices

calculate the ratios. if the ratio has risen compared to before, agriculture is getting better prices compared to industry and thus terms of trade have moved in favor of agriculture.