Question

Economists identify three types of movement or ‘flows’ within International economic exchanges. Choose the correct pair of these? (Medium)

Answer 1

Explanation - Economists identify three types of movement or ‘flows’ within international economic exchanges. The first is the flow of trade which in the nineteenth century largely traded in goods (e.g., cloth or wheat). The second is the flow of labour – the migration of people in search of employment. The third is the movement of capital for short-term or long-term investments over long distances.