Question

International trade in goods & services is sometimes used as a substitute for all of the following except ________________________________.

• A. international movement of capital
• B. domestic production of different goods and services
• C. international movement of labor
• D. international movement of technology

Answer 1

The correct option is B domestic production of different goods and services

International trade in goods & services is sometimes used as a substitute for international movement of capital, international movement of labour and international movement of technology except domestic production of different goods and services. Goods and services which are produced and consumed within the given territory are not included in the domain of international trade in goods and services.