A tariff------
A) Increases the volume of trade
B) Reduces the volume of trade
C) Has no effect on the volume of trade
D) encourages foreign goods
Correct Answer:
Verified
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
Q14: The developing Countries it is argued usually
A)Enjoy
Q15: Comparative advantage occurs when ……..than other country
Q17: Terms of trade of less developed countries
Q18: According to J S Mill, equilibrium terms
Q19: Marshall and Edgeworth introduced a geometrical device
Q20: The concept of offer curves is associated
Q21: The offer curve of a country is
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