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Q. Trade between two countries is called

Q. _ term long run disequilibrium as fundamental disequilibrium.

Q. _ is a statement of a systematic record of all economic transactions between one country and the rest of the world.

Q. If,England 1 wine = 1/2 cloth and if Portugal 1 wine = 1 cloth, this I an example of

Q. Reciprocal demand is

Q. WTO promote _ trade.

Q. _ is a measure under which a commodity of a specific volume or value is allowed to be imported in the country.

Q. When total exports are more than total imports then current account of balance of payment is in _ .

Q. Two countries can gain from foreign trade if

Q. Pick out the one which is not true of GATS :