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| Which of the following statement (s) is/are correct about international trade after the Industrial Revolution? |
After the Industrial Revolution the demand for raw materials like grains, meat, wool also expanded, but their monetary value declined in relation to the manufactured goods. The industrialised nations imported primary products as raw materials and exported the value added finished products back to the non-industrialised nations Both 1 and 2 None of the above |
| Both 1 and 2 |
| After the Industrial Revolution the demand for raw materials like grains, meat, wool also expanded, but their monetary value declined in relation to the manufactured goods. The industrialised nations imported primary products as raw materials and exported the value added finished products back to the non-industrialised nations |
