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12th Standard English Medium Economics Subject International Economics Book Back 2 Mark Questions with Solution Question Bank Software Jun-03 , 2021

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12th Standard English Medium Economics Subject International Economics Book Back 2 Mark Questions with Solution

12th Standard English Medium Economics Subject International Economics Book Back 2 Mark Questions with Solution

12th Standard

    Reg.No. :
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Economics

Time : 01:00:00 Hrs
Total Marks : 10

    2 Marks

    5 x 2 = 10

  1. Define International trade.

  2. State any two merits of trade.

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

  4. Define Terms of Trade.

  5. What do you mean by Balance of Payments?

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