Question

Which among below is NOT a correct statement?

A Bretton Woods conference gave birth to two international organizations-
B Theory of Absolute Advantage in international trade is given by Adam Smith’
C Pure and perfect competition is the same market structures.
D Mint par theory of exchange rate determination is applicable in countries under gold standard.

Answer & Explanation

Answer: Pure and perfect competition is the same market structures.

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apsc cce prelims 2025