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:

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
• A trade of goods and services in the exchange for other goods or services rather than for money is known as:
• The excess of the value of imports of goods and services over the value of exports of goods and services is called:
• The fixed cost on such factors of production which are neither hired nor bought by the firm 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?
• What is the term used for the flow of goods and services that enter for sale into one country and which is product of another country?
• The measure of the total flow of goods and services produced by the economy over a specified time period, normally a year or a quarter is referred to as
• Government grants to suppliers of goods and services is called:
• The flow of goods or services to any economic agent or unit is called:
• The international trade and exchange between more than two countries without discrimination between those involved is called: