71 The comparative advantage theory explaining the trade between

The two countries

72 The theory explaining the cost of trade between the two countries is also called

Comparative cost theory

73 The Policy of protection in trade protects

Local producers

74 The final balance of payment of a country is always

Balanced

75 Balance of payment of a country has how many parts?

Three parts

76 Exchange rate for currencies is determined by supply and demand in

Flexible system

77 Which institution helps countries to meet deficit in balance of payments?

IMF

78 What does the balance of payment of a country means?

The annual account of foreign trade

79 What advantages does flexible exchange rate system has?

Automatic adjustment of balance of payments

80 Some of the advantages of Fixed exchange rate system has includes; increased government control over foreign trade and discourage unnecessary predictions about

Future trade deals