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The value of a country's exports relative to that of its imports. It is calculated by dividing the value of exports by the value of imports, then multiplying the result by 100.http://www.investopedia.com/terms/t/terms-of-trade.asp#axzz1c8fGloOy My point is volume affects the total level of...

Its either B or C, i did Bbyt i see why it could be C But thats the thing about eco, sometimes there is no just one right answer

Terms of Trade = Price of Imports and Volume of Imports Price of Exports and Volume of Exports LEADING EDGE IS wrong when it just says export prices over import prices

I already explained this, VOLUME COUNTS, its the total LEVEL of prices, not just the average price. What you are saying is supporting A and D to be right not C

Ok i was arguing against those who put a/d which is completely wrong. I see why you think it is C , but B would cause an increase in the tot which would reduce the economic impact of the change in the tot because its reversing it. That is more likely than C cause it is more directly related to...

How the hell does that increase the tot?

then what did you get graham arnold?

The reason why the dollar has appreciated is due to high demand for exports, meaning higher demand for australian dollars. However with an aprreciation, our exports are more expensive thus less attractive so in theory the tot should be low as demand reduces, however due to china and india, tot...

thanks, finally someone sees my point

The level of demand counts as well as the prices. The graph above in the link supports my cause, The tot is high due to the high demand for commidities, however the aprreciation is reducing demand as our exports are less expensive. If our dollar was low, we would be smashing records in the bogs

This graph supports my point, look at it closely http://7economy.com/archives/4807 around 2007-2009, when the dollar is low, the tot is high , when the dollar is high, the tot is low in 2010 it just gets retarded so ignore that( due to insane commodity demand)

The terms of trade fell proportionally less than the exchange rate, the only reason the tot dropped was a fall in demand for commodities due to the impact of the GFC on confidence and spending. If we had a high dollar during those times, terms of trade would have been dramatically worse. And...

I expect many people are in the same scenario as me in that physics is my last exam and i have 6 straight days to study for it( even though i probably still fail no matter how long there is to go) So how is everyone going to pace themselves. ie just memorise stuff for the first few days than...

Tot - export price index over import price index Export Prices aren't just the average price for each good or service we receive, they are the total amount of prices/dollars we receive for all our exports. so if there is less spending on imports, or volume, that means there are less...

I put answer as B for question 7 As if income tax rates increase, then consumer spending on imports reduces as consumers have less money to spend, this will cause export prices to increase over import prices(less import spending), thus stimulating the terms of trade and reversing the trend A...