Trade by exchange of Commodities is called:

Related MCQs

• The General Agreement on Tariffs and Trade trade rounds concentrated on reducing tariffs. Which round was the first major attempt to tackle trade barriers and to improve the system? This eighth round is called:
• A trade barrier is any government limitation on the free international exchange of merchandise. Which of these is an instance of trade barrier?
• The World Trade Organization (WTO) is the only international body dealing with the rules of trade between nations. The World Trade Organization began life on 1st of
• The goods and services produced by one country that are sold in exchange for the second country’s own goods and services or for foreign exchange are called
• The demand for two or more commodities or factor of production that are used together so that a change in demand for one will be reflected in a change in demand for other e.g., cloth and thread is called
• Commodities or assets with some economic value which exist without any effort of mankind, are called:
• The international trade and exchange between more than two countries without discrimination between those involved is called:
• Under flexible exchange rate system, the exchange rate is determined by -
• If the main objective of the government is to raise revenue, it should tax commodities with
• If two commodities are complements, then their crossprice elasticity is-