Correct the following statements if necessary.(1) Balance of payment a

1.	Correct the following statements if necessary.(1) Balance of payment at current account rate to both visible and invisible trade.(2) International trade is trade within the boundaries of a country.(3) The theory of comparative cost advantage is stated by David Ricardo
Answer» (1) True/ Correct (2) False. International trade means trade between two or more countries or internal trade is the trade within the boundaries of a country. (3) True/Correct

Correct the following statements if necessary.(1) Balance of payment at current account rate to both visible and invisible trade.(2) International trade is trade within the boundaries of a country.(3) The theory of comparative cost advantage is stated by David Ricardo

Answer»

(1) True/ Correct

(2) False.

International trade means trade between two or more countries or internal trade is the trade within the boundaries of a country.

(3) True/Correct