Trade Between Countries in Goods from Different Industries Is Called

question 153

Multiple Choice

Trade between countries in goods from different industries is called

• A)free trade.
• B)intraindustry trade.
• C)interindustry trade.
• D)the gains from trade.
• E)competitive trade.

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Definitions:

English Constitution

An uncodified set of fundamental principles and established precedents according to which the state of England is governed.

Navigation Acts

A series of English (later British) laws that regulated trade and commerce between England (later Great Britain) and its colonies to enrich the mother country.

Tories

A political faction and then party in Great Britain that evolved into the Conservative Party, traditionally representing royalist, Anglican, and later conservative interests.