definition of terms of trade: Index of export prices/ index of import prices × 100
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 country's terms of trade in the short-run and long-run
Elasticity of demand for imports and exports
Possible inverse relationship between Terms of Trade and Balance of Payments - depends on elasticity for imports and exports (Price and Income elasticities)
