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International Trade (Distinguish between (Free trade areas, Customs Unions…
International Trade
Distinguish between
Free trade areas
Customs Unions
Common markets
Monetary unions
Free trade
Types of restrictions on free trade
Reasons for restricting trade
Diagram for trade protectionism
Impact of trade protectionism
Relative merits of trade agreements
Costs
Benefits
Factors influencing patterns of trade
Define 'Terms of trade'
Calculate Terms of trade
Impact of changes in terms of trade
Role of WTO
Define Trade blocs