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Q. Utility terms of trade was introduced by ________________.

Q. Income terms of trade indicate increased capacity to ________________.

Q. The highest authority of WTO is ________________.

Q. ________________ of goods results in demand for foreign currency.

Q. ________________ is not a detect of flexible exchange rate.

Q. ________________ refers to the alliance of multiple countries pursuing common goals.

Q. ASEAN was formed in ________________

Q. Ricardian theory assumes that labour is ________________ within the country.

Q. WTO was set up on ________________

Q. Hecksher-Ohlin theory states that the relative factor prices in two countries are determined by ________________.