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Standard XII
Economics
The WTO
Trade between...
Question
Trade between two or more countries is termed as ________.
A
External trade
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B
International trade
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C
Internal trade
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D
Trans-nation trade
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Solution
The correct option is
B
International trade
It may take place through sea, air or land routes.
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Similar questions
Q.
Which one of the following terms is used to describe trade between two or more countries?
Q.
Trade between two or more countries is said to be _____.
Q.
Terms of trade between two countries refer to a ratio of ______.
Q.
State whether the following statements are True or False:
(a) Industry and commerce are interchangeable terms.
(b) Commerce is a wider term than trade.
(c) Trade between two countries is known as internal trade.
(d) Conversion of cotton into cloth is an example of genetic industry.
Q.
______ trade is between a number of countries.
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