Reasons for International Trade. – InterviewSolution

InterviewSolution

1.

Reasons for International Trade.

Answer»

Reasons for International Trade:

Difference in factors of production of a country
Difference in cost of production
Technological progress
Division of labour and
Specialization.

Discussion

No Comment Found

Related InterviewSolutions

Which of the following is not a factor that influences Balance of Payments?(A) Exchange rate(B) Inevitable imports(C) Political development of the nation(D) Prices of tradable good in home country and foreign country
What is the share of developing economies in world exports in the year 2011?(A) 34%(B) 50%(C) 47%(D) 65%
How much was the share of Europe in India’s merchandise imports and exports in the year 2014-15.
How has our pattern of export changed over years?
Discuss in detail the change in import-export structure after 1991 .
Magnitude of World Trade in Present Times.
Why would a person or a country need foreign currency? Also, state the need of currency conversion.
What happens in balance of payments payments?
What is recorded in current account of balance of payments?
What is Unbalanced Balance of Payments? State its types.