The exchange of goods and services are known as

Related MCQs

• In classical theory of International Trade, the exchange of goods and services takes on the basis of ………….. system?
• Suppose the world consists of two countries: the UK and Spain. Further, suppose there are only two goods--food and clothing. Which of the following statements is true?
• The market, where the services of factor of production are bought and sold is, is
• Which of the following trade policies limits specified quantity of goods to be imported at one tariff rate.
• The rate of discount which equilibrates the cost of capital good s and the expected future returns from the capital good is known as
• If capital is available in large proportion and labour is less, then that economy is known as
• Profit is also known as
• A market system where there is only one buyer, is known as.
• A market system, where there is only one seller is known as
• Trade among different regions within the same country is known as