Q. Utility terms of trade was introduced by ________________.
✅ Correct Answer: (A)
jacob viner
Bus Economics MCQs and Notes
Q. An offer curve differs from ________________.
✅ Correct Answer: (D)
usual demand and supply curve
Q. Income terms of trade indicate increased capacity to ________________.
✅ Correct Answer: (B)
import
Q. Ricardian theory assumes that labour is ________________ within the country.
✅ Correct Answer: (C)
homogeneous
Q. International trade increases the welfare of ________________
✅ Correct Answer: (C)
all participating countries