Which of the following countries export cocoa?
Liberia and The Gambia
Ghana and Sierra Leone
Nigeria and Ghana
Sierra Leone and Nigeria
Correct answer is C
No explanation has been provided for this answer.
A summary of all the receipts and payments of a country in international transaction is called
Terms of trade
Balance of payment
Balance of payment adjustment
Capital account
Correct answer is B
No explanation has been provided for this answer.
The practice of selling goods overseas and often below the cost of production is known as
Retailing
Dumping
Internal trade
Advertising
Correct answer is B
No explanation has been provided for this answer.
One advantages of international trade is that
Countries depend on each other
It introduces variation in prices
It increases demand for foreign goods
It makes variety of goods available
Correct answer is D
No explanation has been provided for this answer.
International trade depends on the concept of?
Marginal cost advantage
Comparative cost disadvantages
Comparative cost advantage
Absolute cost
Correct answer is C
No explanation has been provided for this answer.