Balbharati solutions for Economics HSC 12th Standard Maharashtra State Board
Chapter 10: Foreign Trade of India
Q.5. State with reason whether you agree or disagree with the following statement
3. Foreign trade leads to division of labour and specialization at world level.
Options
Agree
Disagree
YES I Agree with the above statement.
Explanation:
a. Foreign trade leads to division of labour and specialization at world level.
b. Some countries have abundant natural resources, they should export raw material and import finished goods from countries which are advanced in skilled manpower.
c. Thus, foreign trade gives benefits to all countries thereby leading to division of labour and specialization.
