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  2. Terms of trade - Wikipedia

    en.wikipedia.org/wiki/Terms_of_trade

    Terms of trade (TOT) is a measure of how much imports an economy can get for a unit of exported goods. For example, if an economy is only exporting apples and only importing oranges, then the terms of trade are simply the price of apples divided by the price of oranges — in other words, how many oranges can be obtained for a unit of apples.

  3. Import ratio - Wikipedia

    en.wikipedia.org/wiki/Import_ratio

    Import ratio, in economics and government finance, is the ratio of total imports of a country to that country’s total foreign exchange (FX) reserves. [1] The ratio can be inverted and is referred to as the reserves to imports ratio. This ratio divides a country's average foreign exchange reserve by a country's average monthly level of imports ...

  4. Import - Wikipedia

    en.wikipedia.org/wiki/Import

    The exact definition of imports in national accounts includes and excludes specific "borderline" cases. [10] Importation is the action of buying or acquiring products or services from another country or another market other than own.

  5. Glossary of economics - Wikipedia

    en.wikipedia.org/wiki/Glossary_of_economics

    An economic theory that defines wealth by the amount of precious metals owned. [48] business cycle. Also called the economic cycle or trade cycle. The downward and upward movement of gross domestic product (GDP) around its long-term growth trend. [49] The length of a business cycle is the period of time containing a single boom and contraction ...

  6. Balance of trade - Wikipedia

    en.wikipedia.org/wiki/Balance_of_trade

    In export-led growth (such as oil and early industrial goods), the balance of trade will shift towards exports during an economic expansion. [ citation needed ] However, with domestic demand-led growth (as in the United States and Australia) the trade balance will shift towards imports at the same stage in the business cycle.

  7. Trump vows 25% tariff on imports from Mexico, Canada: What ...

    www.aol.com/trump-vows-25-tariff-imports...

    Economic theory generally shows higher trade barriers raise consumer prices and negatively impact economic output and income, according to the Tax Foundation, a nonpartisan tax policy nonprofit.

  8. J curve - Wikipedia

    en.wikipedia.org/wiki/J_curve

    In economics, the "J curve" is the time path of a country’s trade balance following a devaluation or depreciation of its currency, under a certain set of assumptions. A devalued currency means imports are more expensive, and on the assumption that the volumes of imports and exports change little at first, this causes a fall in the current ...

  9. Trade-to-GDP ratio - Wikipedia

    en.wikipedia.org/wiki/Trade-to-GDP_ratio

    Trade openness in 2017 [1]. The trade-to-GDP ratio is an indicator of the relative importance of international trade in the economy of a country. It is calculated by dividing the aggregate value of imports and exports over a period by the gross domestic product for the same period.