Explain what the terms of trade are in international, Business Economics

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Explain what the terms of trade are in international

1. Explain what the terms of trade are in international trade.

2. What is the exchange rate in international trade?

3. What is the difference between a tariff and an import quota?

4. Do you believe the United States should impose international trade restrictions and why do you believe this?

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Business Economics: Explain what the terms of trade are in international

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