Economics JAMB

The two major types of international trade are Bilateral trade and?

A. Internal trade
B. Multilateral trade
C. Dilateral trade
D. Trilateral trade

Correct Answer:

Option B – Multilateral trade

Explanation

Multilateral trade is a type of international trade in which a country trades with many other countries. This ensures international division of labour. It is the type of trade in which many countries exchange their goods and services

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