Question

In each of the question below, four sentences are given. Find out which of the following sentences is/are incorrect grammatically or contextually. Choose the option that correctly identifies the incorrect sentence(s). (

  • A The Heckscher-Ohlin model of international trade predicts that a country will export goods that intensively use the factors of production in which it is relative abundant and import goods that intensively use factors in which it is relatively scarce. (
  • B The increasing prevalence of non-tariff barriers — including sanitary and phytosanitary standards, technical regulations, and complex rules-of-origin requirements — has created a category of trade friction considerably more difficult to negotiate away through multilateral trade rounds than conventional customs duties. (
  • C Currency manipulation, broadly defined as the deliberate and systematic intervention by a government or central bank in foreign exchange markets to maintain an artificially undervalued exchange rate for competitive trade advantage, has remained among the most contentious and least effectively regulated dimensions of international economic governance. (
  • D The proliferation of preferential trade agreements during the post-Doha era, while successful in liberalising trade between signatory nations, have simultaneously created a regulatory fragmentation problem — a "spaghetti bowl" of overlapping and inconsistent rules of origin — that imposes significant compliance costs on firms trading across multiple regional blocs.
A Only (C)
B Both (A) and (D)
C Only (B)
D Both (B) and (C)
E (A), (B), and (D)
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