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WAEC Economics 2001 Question 47

Question 47

International Trade

The exchange of goods and services across different countries can be described as

  1. A.bi-lateral trade
  2. B.multilateral trade
  3. C.national trade
  4. D.home trade
Show the answer and explanation

Answer: B (multilateral trade)

Explanation

Trade among many different countries is multilateral; bilateral trade is between just two.