When the value of currency appreciates it means that :
- Cost of international trade has increased
- Cost of international trade has decreased
- Lesser goods can be purchased from the international market
- None
Explanation
The contribution of tariffs to total trade costs has decreased over time.
Tariffs have progressively been reduced since the establishment of the General.
Related MCQs
MCQs will be added soon
Leave a Reply
Your email address will not be published. Required fields are marked *
