| 单词 | terms of trade |
| 释义 | > as lemmasterms of trade P8. terms of trade: the ratio of an index of a country's export prices to an index of its import prices, used to measure its trading prospects. ΘΚΠ society > trade and finance > importing and exporting > [noun] > balance of trade balance of trade1690 trade balance1787 terms of trade1923 1923 A. Marshall Money, Credit, & Commerce vi. 161 Illustration of the demands of each of two countries which trade together, for the goods of the other: and the general dependence of the terms of trade on the relative volumes and intensities of those demands. 1957 A. C. L. Day Outl. Monetary Econ. xxxi. 399 Home terms of trade. [Note] An index of the home price of exports divided by the home price of imports. 1976 Economist 16 Oct. 22/3 Until exports expand enough, and/or imports fall enough, to offset the terms of trade deterioration, a devaluation makes the balance of payments worse before better. 2015 Guardian (Nexis) 15 Dec. In the May budget the terms of trade in 2015–16 was expected to fall 8.5%; now it is expected to fall 10.5%. < as lemmas |
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