A trade of goods and services in the exchange for other goods or services rather than for money is known as:

Related MCQs

• 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
• Consumer goods that yield services or utility over time rather than being used up instantly are termed as
• 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 excess of the value of imports of goods and services over the value of exports of goods and services is called:
• The condition in which the independent flow of goods and services in international exchange is neither restricted nor encouraged by direct government intervention is known as:
• Goods which are produced for consumption rather than as an intermediate product used in the process of production are referred to as:
• The international trade and exchange between more than two countries without discrimination between those involved is called:
• The prices that are set by government rather than by negotiation between a seller and a buyer are known as