MPSC PYQEconomics
Consider the following statements : a. International trade is based on differences in prices of goods and services from country to country. b. The terms of trade refer to the exchange ratio of export and import goods or their price ratio. c. The Balance of Payments record in International Trade is maintained in a standard double entry book-keeping method. Which of the statements given above are correct ? Answer Options :
A.All of the above
B.Only a
C.Only c
D.Only a and b
Correct answer: A