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Basics of International Business

Quick practice

Question 1 of 5

Analyse the following statements:

Statement I: Adam smith stated that in long run no country can maintain a surplus or a deficit and also known by the name of Price Specie Flow Mechanism.

Statement II: Adam Smith and David Ricardo proved that trade should be not considered as Zero sum game.

A

Only Statement II is correct

B

Both the statements are correct

C

Both the statements are incorrect

D

Only statement I is correct

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