Telegram group: T.me/BBCNOUN [ECO445] Single factoral terms of trade is calculated by multiplying the ____________ by an index of productivity changes in domestic export industries commodity terms of trade [ECO445] The commodity or net barter terms of trade is the ratio between the price of a country’s …................ export goods and import goods [ECO445] The production possibility curve under ____________ opportunity costs is concave to the origin increasing [ECO445] Reciprocal demand curve is also known as __________ curve offer [ECO445] The actual gain from international trade is the difference in _____________ of two commodities in the two trading countries price ratios [ECO445] In dumping, price of a commodity in foreign market is __________ prices in home market lower than [ECO445] While ____________ is based on the type of item, ____________ is based on the value of item specific tariff, ad-valorem tariff [ECO445] The _________ barter terms of trade is the ratio between the price of a country’s export goods and import goods. net [ECO445] The __________ states that in a two-factor two-commodity economy a rise in the supply of one factor, keeping the supply of the other factor constant, leads to an increase in the output of the commodity that uses the increased factor intensively, and to a decline in the output of the other commodity Stopler theorem [ECO445] Taking 2001 as the base year and expressing Nigeria’s both quantities of imports and exports as 100, if we find that the index of quantity imports had risen to 160 and that of quantity exports to 120 in 2010, then the gross barter of trade had changed to __________ 133.33