www.bbcnoun.com.ng 10/10 ____________ said that the basis of international trade falls along the division of absolute advantage Adam Smith _____is an economic loss which a country suffers on account of an increase in its factor endowment or a natural windfall Dutch disease ________________is a case of multiple equilibria in the financial markets. Financial panic Inflation reflects a reduction in the purchasing power per unit of ____________ Money ________________of a good occurs when there is a change of ownership from a resident to a non- resident Export ___________is an indirect taxes imposed upon imports tariff The multilateral trading system of __________________ can broadly be defined as the body of international rules by which countries are required to abide in their trade relations with one another WTO Inflation reflects a reduction in the purchasing power per unit of ____________. Money Balance of trade is the difference between visible imports and ____________ exports. Visible Quotas introduce a physical limit of the ____________ (number of units imported) or value (value of imports) permitted. Volume