Podcast
Questions and Answers
Salt was the most popular and valuable item used as a salary of roman ______
Salt was the most popular and valuable item used as a salary of roman ______
soldiers
The advantage of Bartering is that it does not involve ______ and it is very simple
The advantage of Bartering is that it does not involve ______ and it is very simple
money
Early humans used leaves and animal skin as ______
Early humans used leaves and animal skin as ______
clothes
The first recognizable metal coins appeared in ______, during 1000 BC
The first recognizable metal coins appeared in ______, during 1000 BC
Signup and view all the answers
Around 770 BC, Small Bronze celts and Bronze rings played a ______ role
Around 770 BC, Small Bronze celts and Bronze rings played a ______ role
Signup and view all the answers
European colonial Government issued the First paper currency in ______
European colonial Government issued the First paper currency in ______
Signup and view all the answers
Adam Smith published Wealth of Nations in ______
Adam Smith published Wealth of Nations in ______
Signup and view all the answers
David Ricardo published Principles of Economics in ______
David Ricardo published Principles of Economics in ______
Signup and view all the answers
The classical theories of international trade are historical ______-based theories
The classical theories of international trade are historical ______-based theories
Signup and view all the answers
The modern mid-twentieth century theories are referred to as ______-based or company-based
The modern mid-twentieth century theories are referred to as ______-based or company-based
Signup and view all the answers
Trade surplus is the amount by which the value of a country's exports exceeds the cost of its ______
Trade surplus is the amount by which the value of a country's exports exceeds the cost of its ______
Signup and view all the answers
Comparative advantage is a country's capability to produce specific goods at lower ______ cost
Comparative advantage is a country's capability to produce specific goods at lower ______ cost
Signup and view all the answers
