Which of the following statements are correct about international trade? Choose the most appropriate answer from the options given below:

1.The total value of goods and services traded is considered to be the volume of trade.

2.The volume of trade includes only the trade of goods.

3.India is a founder of the ASEAN bloc.

4.The practice of selling a commodity in two countries at a price that differs for reasons not related to costs is called dumping.

A1 and 3

B1 and 4

C2, 3 and 4

D2 and 4

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