wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Which of the following is/are the characteristic(s) of international trade?

A
Territorial specialization
No worries! We‘ve got your back. Try BYJU‘S free classes today!
B
Separation of sellers from buyers
No worries! We‘ve got your back. Try BYJU‘S free classes today!
C
Mutually acceptable currency
No worries! We‘ve got your back. Try BYJU‘S free classes today!
D
All of the above
Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses
Open in App
Solution

The correct option is D All of the above
International trade is lower costs to consumers. The lower cost is the result of two factors. First, companies can produce items overseas, saving money on labor and material costs.

flag
Suggest Corrections
thumbs-up
0
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
The Bankers of The World
HISTORY
Watch in App
Join BYJU'S Learning Program
CrossIcon