Ulearngo is an independent study app. It is not affiliated with, endorsed by, or representing Joint Admissions and Matriculation Board (JAMB). Always confirm official exam, admission, registration, syllabus, timetable, and result information from JAMB official website.

EconomicsJAMB UTME1992

Options:

A.
B.
C.
D.
Sign in to view the correct answer and detailed explanation.

Study with fewer interruptions on Android

Use Ulearngo on a verified device for smoother past-question study.

Get Ulearngo on Google Play

Earlier discussion

1 older comment kept for context.

Oluwaseun Adeyemi

Terms of trade (TOT) refers to the relative price of exports in terms of imports and is defined as the ratio of export prices to import prices.