The developing Countries it is argued usually
A) Enjoy Favourable terms of trade
B) Suffers from adverse terms of trade
C) have better income terms of trade
D) have better bargaining power
Correct Answer:
Verified
Q9: -------introduced the concept of Gross barter terms
Q10: Single factoral terms of trade take in
Q11: Two countries can gain from foreign trade
Q12: J.S.Mill brought in -------factor to explain termsof
Q13: Reciprocal demand is
A)Mutual demand of two countries
Q15: Comparative advantage occurs when ……..than other country
Q16: A tariff------
A)Increases the volume of trade
B)Reduces the
Q17: Terms of trade of less developed countries
Q18: According to J S Mill, equilibrium terms
Q19: Marshall and Edgeworth introduced a geometrical device
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