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WAEC Economics 2013 Question 6

Question 6

International Trade

Trade between two countries is known as

  1. A.bilateral trade.
  2. B.unilateral trade.
  3. C.multilateral trade.
  4. D.internal trade.
Show the answer and explanation

Answer: A (bilateral trade.)

Explanation

Bilateral trade is trade between two countries; multilateral trade involves many.