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Assertion (A): Factor price equalisation theorem deals with the effect of trade on factor prices.Reason (R): Trade in goods has no effect on factor prices.

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International economics is concerned with the effects upon economic activity from international differences in productive resources and consumer preferences and the international institutions that affect them. Basicaly, International economics deals with issues arising from economic interaction among sovereign nations


Assertion (A): Factor price equalisation theorem deals with the effect of trade on factor prices.<br>Reason (R): Trade in goods has no effect on factor prices.






 
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