The economic system with little or no external trade 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:
• 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 dominant body of economic thinking, economic method and economic style in the period from 18th to 19th century is termed as
• The national economic self-sufficiency i.e., exclusion from international trade pursued as a national policy is called:
• An early modern European economic theory that trade generates wealth of bullion which a government should encourage by promoting exports and restricting imports is called:
• The term used to describe a sharp slowdown in the rate of economic growth or a modest decline in economic activity is called:
• The first class equity share, the purpose of which entails little risk in earnings in recession is called:
• The General Agreement on Tariffs and Trade (GATT) is the predecessor of World Trade Organization. It entered into force in.
• In 1947 how many states did take part in the General Agreement on Tariffs and Trade trade round in Geneva?
• Which trade round was the latest and most extensive of all and it finally led to the World Trade Organization and a new set of agreements. It lasted from 1986 to 1994.