Title: Terms of Trade (TOT): Types, Formula, Prebisch-Singer Hypothesis with AP Economy Example 2026
Title: Terms of Trade (TOT): Types, Formula, Prebisch-Singer Hypothesis with AP Economy Example 2026 Slug: terms-of-trade-types-formula-prebisch-singer Labels: International Economics , APPSC Assistant Professor , Terms of Trade , AP Economy Meta Description: What is Terms of Trade? Learn Net Barter, Gross Barter, Income TOT formulas, Prebisch-Singer deterioration hypothesis, and AP export-import example for APPSC Assistant Professor exam. --- Introduction Terms of Trade (TOT) is one of the most important concepts in International Economics and a frequently asked topic in APPSC Assistant Professor, Degree Lecturer, and UGC NET Economics exams. In simple words, Terms of Trade shows how many imports a country can buy with its exports. If TOT improves, a country benefits from international trade. What is Terms of Trade? According to Jacob Viner , Terms of Trade refers to the rate at which one country's goods exchange with another country's goods. Types of Terms of Trade (Important...