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Q.

Choose given statement is true/false:


The flow of trade means to trade in goods within the international economic exchange.


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a

   True

b

   False 

answer is A.

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Detailed Solution

The above statement is True.
The flow of trade means to trade in goods within the international economic exchange. There are three types of movement or flows within the international economic exchange: the flow of trade, labour and capital.
The flow of trade means to trade in goods. In the 19th century, raw materials from India were sent to Britain and finished products were sent to India, facilitating the flow of trade. The flow of labour includes the migration of people in search of employment. The movement of capital includes short-term and long-term investments over long distances.
  
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Choose given statement is true/false:The flow of trade means to trade in goods within the international economic exchange.