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Income terms of trade tells the capacity to do what?
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Question:
एक 2 किलो द्रव्यमान के पिण्ड को अपनी अवस्था में बदलाव के बिना 10° C से 20° C तक तापमान बढ़ाने के लिए 9800 J ताप की आवश्यकता होती है। पिण्ड के पदार्थ विशिष्ट गर्मी ऊष्मा ______ Jkg–1k–1 होगी।
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Income terms of trade indicates the import quantity a country can purchase using its export earnings. It reflects the purchasing power of a country's exports.
In other words, it measures a country's capacity to import.
An increase in the income terms of trade means a country can import more goods and services for a given level of exports. This can lead to increased economic welfare. Conversely, a decrease suggests reduced purchasing power and potentially lower living standards.