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Q.

Choose that given options is true/false


There are three types of movements or flows 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 three types of movements or flows in international economic exchange. Trade in agricultural products, labour transfer and financial credit from other countries. India was the trading centre of the pre-modern world, exporting textiles and spices from Europe in exchange for gold and silver. Various foods such as potatoes, soybeans, peanuts, corn, tomatoes, chilli peppers, and sweet potatoes came from the United States to India after Columbus' discovery. Wages were paid to overseas mines, plantations, and factory workers in the 19th century.
 
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