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International Economics 2 Mark Book Back Question Paper With Answer Key

12th Standard

    Reg.No. :
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Economics

Time : 00:30:00 Hrs
Total Marks : 14

    2 Marks 

    7 x 2 = 14
  1. What is International Economics?

  2. Define International trade.

  3. State any two merits of trade.

  4. What is the main difference between Adam Smith and Ricardo with regard to the emergence of foreign trade?

  5. Define Terms of Trade.

  6. What do you mean by Balance of Payments?

  7. What is meant by Exchange Rate?

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