Q. Current and capital accounts are examples of
✅ Correct Answer: (A)
autonomous transactions
International Economics MCQs and Notes
Q. Product transformation curve is also called
✅ Correct Answer: (B)
production possibility frontier
Q. According to Rybczyski theorem commodity price should be
✅ Correct Answer: (A)
constant
Q. A situation where one commodity is capital intensive in one country and labour intensive in another country is called
✅ Correct Answer: (D)
faction intensity reversal
Q. When a commodity is produced with low K/L ratio that commodity is ______ intensive commodity
✅ Correct Answer: (B)
capital
Q. According to HO Model, India should import ______ abundant goods
✅ Correct Answer: (A)
labour
Q. India is NOT a _____ abundant nation
✅ Correct Answer: (B)
capital
Q. The analysis method used in Leontief’s study
✅ Correct Answer: (C)
input – output analysis
Q. PPP theory is associated with the determination of _______
✅ Correct Answer: (A)
exchange rate
Q. The accounting system used in BOP
✅ Correct Answer: (A)
double entry book keeping system