The expression "importance of being unimportant" suggests that if one nation is much large than the other, the larger nation realizes most of the gains from trade while the smaller nation realizes fewer gains from trade.
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An improvement in a nation's terms of trade occurs if the prices of its exports rise relative to the prices of its imports over a given time period.
A. 对
B. 错
If a country's terms of trade worsen, it must exchange fewer exports for a given amount of imports.
A. 对
B. 错
Ifacountry'stermsoftradeimprove,itmustexchangemoreexportsforagivenamountofimports.
A. 对
B. 错
The terms of trade reprsents the rate of exchange between a country's exports and imports.
A. 对
B. 错