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Economic Affairs Foreign Trade - Trends and Policy

Consider the following statements:

1. In developing countries a higher percentage of labor is deployed in rural areas.

2 Developing countries are forced to follow import substitution policies forced by deteriorating trade balance

3 In a developing economy, economic growth is invariably followed by economic development

Which of the given statements is/are correct?

1 only

2 only

2 and 3 only

1 and 3 only

it is because Testing no

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