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What factors influence the composition and direction of a country's foreign trade?
  • a)
    Government policies
  • b)
    Exchange rates
  • c)
    Comparative advantages
  • d)
    All of the above
Correct answer is option 'D'. Can you explain this answer?
Most Upvoted Answer
What factors influence the composition and direction of a countrys for...
The composition and direction of a country's foreign trade are influenced by multiple factors, including government policies, exchange rates, and comparative advantages in specific industries or sectors. Government policies can affect trade through regulations, tariffs, and subsidies, while exchange rates impact the competitiveness of exports and imports. Comparative advantages determine the specialization and focus of a country's trade activities. 
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What factors influence the composition and direction of a countrys foreign trade?a)Government policiesb)Exchange ratesc)Comparative advantagesd)All of the aboveCorrect answer is option 'D'. Can you explain this answer?
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