Q234
Statement I 'Free trade' leads to specialisation and thereby to increased output. Statement II Import restrictions are both long-term and short-term measures of Balance of Payment adjustments.
A.
Statement I is true, but Statement II is false
AnswerB.
Statement II is true, but Statement I is false
C.
Both statements are false
D.
Both statements are true
Answer: Option A
Solution
Answer: Option A
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