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International trade and domestic trade are similar in all aspects except that

Economics
WAEC 1988

International trade and domestic trade are similar in all aspects except that
  • A. Transportation by land, water and air is involved
  • B. Goods are exchanged
  • C. Services are exchanged
  • D. The same currency is used as the medium of exchange
  • E. Specialization and increased consumption is encouraged
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Correct Answer: Option D
Explanation
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
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WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC offline past questions - with all answers and explanations in one app - Download for free
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts