1. Of the following concepts of term of trade, which one was introduced by F.W. Taussig?

2. A deficit disequilibrium in the balance of payments can be corrected through?

3. If the increase in exports exceeds the increase in imports, and other things remain the same, then the level of income will?

4. The devaluation of currency by a country is designed to lead to?

5. Which of the following was not favoured by the mercantilists?

6. Which of the following items in the balance of payments is invisible?

7. Dynamic factors in the realm of international trade theory relate to changes in?

8. The spot and forward markets in foreign exchange are linked to each other through?

9. If the elasticity of foreign demand for the country's exports is unity, the supply curve of foreign exchange will be?

10. What would be the impact on the country's balance of payments position, when in the context of inflationary pressures recourse is taken to expenditure reducing policies?