Tyba international

Another word for internal trade

• Inside trade

• House trade

• Home trade

• Domestic trade

Which of the following does not describe internal trade?

• Mobile factors of production

• Heterogeneous market

• Same currency

• Homogeneous market

Which of the following describes international trade?

• Similar national groups

• Trade restrictive practices

• More cost of transportation

• Same currency in circulation

The relation between prices of imports and exports is

• Net income terms of trade

• Gross barter terms of trade

• Net barter terms of trade

• Gross income terms of trade

What is referred to as the index of the value of exports divided by the prices of imports

• Income terms of trade

• Expenditure terms of trade

• Net barter terms of trade

• Gross barter terms of trade

The reduction of value of the home currency in relation to the value of foreign currency is

• Inflation

• Economic growth

• Devaluation

• Tariff

If the product imported is coco cola , the import substitute would be

• Bru coffee

• Lays chips

• Tropicana juices

• Campa soft drink

The relation of volume of imports to the volume of exports is

The relation between how much money a country pays for imports and brings from exports is

David ricardo believed that international trade is governed by the comparative cost advantage rather than