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This question belongs to Management Foreign Trade Policy

Foreign Trade Policy

?

Given below are two statements, one labelled as Assertion (A) and the other labelled as Reason (R). Read the statements and choose the correct answer.
Assertion (A) Growing proportion of the world output is traded internationally, causing faster growth of trade among nations.
Reason (R) This situation is bringing world economic integration, which is reinforced by cross border capital flows and regional blocks.

A) Both (A) and (R) are correct and (R) is the right explanation of (A) B) Both (A) and (R) are correct, but (R) is not the right explanation of (A) C) (A) is correct, but (R) is incorrect D) Both (A) and (R) incorrect

Answer & Solution

Correct Answer: Option A

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