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Q. According to Adam Smith, international trade is advantageous for all participating countries only if they enjoy _ difference in cost of production

Q. Monetary Policy is a regulatory policy by which the ______or monetary authority of a country controls the supply of money, availability of bank credit and cost of money that is the rate of interest:

Q. When an economy union involves unifying currency it becomes _ .

Q. The degree of _ achieved affect the exchange rate.

Q. Comparative Advantage theory is based on _ value

Q. No change in technology, no transport cost, constant returns to scale - these assumptions make the Comparative Cost advantage theory __

Q. The government spending multiplier is as higher as:

Q. England 1 unit wine =1/2unit cloth, Portugal 1 unit wine = 1 unit cloth. This is an example of

Q. Comparative Advantage is expressed in _

Q. An international trading company of the Government of India _.