The international trade and exchange between more than two countries without discrimination between those involved is called:

Related MCQs

• 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
• A trade barrier is any government limitation on the free international exchange of merchandise. Which of these is an instance of trade barrier?
• 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:
• In 1971, United Nations Conference on Trade and Development (UNCTAD) drew up a list of 24 countries having a GDP of 100 or less literacy rate of 20% or less and a share of manufacturing of 10% or less of GDP. These countries were referred to as:
• The non-discrimination principle means treating one’s trading partners equally. It guarantees equal opportunities for suppliers from all World Trade Organization members. It is called:
• Theoretically trade between two countries lakes place on account of -
• Both-way trade between two countries is also known as:
• A trade of goods and services in the exchange for other goods or services rather than for money is known as:
• 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 exploitation of developing countries by advanced countries is called: