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According to M L Jhingan International Economics Book What Does Utility Terms of Trade measure? Use...

According to M L Jhingan International Economics Book

What Does Utility Terms of Trade measure?

Use only the above book

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According to M L Jhingan, utility terms of trade index is nothing but the one that measures the alterations in the utility of manufacturing 1 unit of export and the change that is incurred in the the relative satisfaction or utility from the consumed imports all in all.

Source : International Economics M L Jhingan

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