International economics mcq set 1

1. Trade In differentiated products refers toA. intra industry tradeB. inter industry tradeC. trade based on economies of scaleD. non of the above AnswerA. intra industry trade 2. The terms of trade of developing countries have a secular tendency toA. improveB. deteriorateC. first improve and then deteriorateD. remain the same AnswerB. deteriorate 3. The opportunity…

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