The fundamental reason why different countries involve in transactions with one another is the

Related MCQs

• The main reason for different nations to enter into trade is that
• The physical limitation of quantities of different products to be imported from foreign countries within a specified period of time is called
• A systematic record of receipts and payments in international transactions of a country in a given year is called
• Among the difference between inter-regional and international trade, the reason for international factor immobility includes
• If a country has fundamental deficit in in the balance of payments, it should resort to
• Fundamental disequilibrium is
• According to the theory of comparative advantage, countries gain from trade, because
• According to Ricardo, trade is possible between two countries when
• The factor price ratio(PC/PL)A < (PC/PL)B of countries A & B implies
• The difference in the domestic cost ratios of producing two commodities in two countries is known as