Multiple Choice
In a free world in which no restrictions exist, international trade will lead to
A) Reduced real li
B) Reduced efficiency
C) Reduced real GDP
D) Increased efficiency
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q4: Px / Pm is<br>A)Gros barter terms of
Q5: Comparative advantage occurs when ……..than other country
Q6: Single factoral terms of trade take in
Q7: A decline in price would increase exports
Q8: Reciprocal demand is<br>A)Mutual demand of two countries
Q10: If import prices rse more than export
Q11: J.S.Mill brought in -------factor to explain termsof
Q12: The developing Countries it is argued usually<br>A)Enjoy
Q13: A favourable terms of trade indicates -------imports
Q14: The concept of offer curves is associated