arrow
arrow
arrow
Who has firstly used the word ‘Terms of Trade’?
Question

Who has firstly used the word ‘Terms of Trade’?

A.

Adam Smith

B.

Alfred Marshall

C.

A.C. Pigou

D.

Frank William Taussig

Correct option is D

The phrase "terms of trade" was first used by the US economist F.W. Taussig in his 1927 book "International Trade". While Taussig introduced the concept, earlier versions of the idea can be traced back to the work of English economists Robert Torrens and John Stuart Mill in the 1840s.

Free Tests

Free
Must Attempt

Basics of Education: Pedagogy, Andragogy, and Hutagogy

languageIcon English
  • pdpQsnIcon10 Questions
  • pdpsheetsIcon20 Marks
  • timerIcon12 Mins
languageIcon English
Free
Must Attempt

UGC NET Paper 1 Mock Test 1

languageIcon English
  • pdpQsnIcon50 Questions
  • pdpsheetsIcon100 Marks
  • timerIcon60 Mins
languageIcon English
Free
Must Attempt

Basics of Education: Pedagogy, Andragogy, and Hutagogy

languageIcon English
  • pdpQsnIcon10 Questions
  • pdpsheetsIcon20 Marks
  • timerIcon12 Mins
languageIcon English

Similar Questions

test-prime-package

Access ‘UGC NET Management’ Mock Tests with

  • 60000+ Mocks and Previous Year Papers
  • Unlimited Re-Attempts
  • Personalised Report Card
  • 500% Refund on Final Selection
  • Largest Community
students-icon
354k+ students have already unlocked exclusive benefits with Test Prime!
Our Plans
Monthsup-arrow