What does the term of trade for a nation represent as a ratio?

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the country's opportunity costs compared to global opportunity coststhe prices received for exports relative to the prices paid for importsthe total value of goods exported versus the total value of goods importedthe exchange rate of its currency against foreign currenciesthe ratio of domestic production to foreign production

Explanation

The term of trade measures the ratio between export prices and import prices, indicating how much import goods a country can obtain per unit of exports.