Question 18
Question 18 of 40

Question image for Q18
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No letter options?
Older MCQs might not have the typical A, B, C, D choices. They have choices 1, 2, 3, and a combination of them is the answer. Below is the key that maps such combinations to the answer.
A 1, 2 and 3 are correct
B 1 and 2 only are correct
C 2 and 3 only are correct
D 1 only is correct

Topics Tested

the meaning of international trade (exports and imports)

complete simple calculations of costs in given situations

calculation and interpretation of Balance of Trade and Balance of Payments from given figures