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.Management Sciences
A. Increase the volume of trade
B. Reduces the volume of trade
C. Has no effect on volume of trade?
D. A and C of above
Related Mcqs:
- A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle ?
- A. Relative Advantage B. Complete Advantage C. Comparative Edge D. Comparative Advantage...
- What is called the result of a state’s borrowing from its population, from foreign governments or from international institutions ?
- A. National debt B. Public debt C. Both of them D. None of them...
- What is called a country’s decision to allow its currency value to change freely?
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- A. Relative Advantage B. Complete Advantage C. Comparative Edge D. Comparative Advantage...
- Hard currency is defined as ?
- A. Currency traded in foreign exchange market for which demand is persistently relative to the supply B. Currency Which is used in times of war C. Currency which loses its value very fast D. None of these...
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