Unlike a black market, what is called a system of secretly selling or trading commodities which is not necessarily illegal ?

Related Mcqs:

1. The amount value of an asset in business records is not necessarily identical to the amount that the asset could bring on the open market. What is it called ?

   A. Open value B. Book value C. Real value D. Artificial value...

2. A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle ?

   A. Relative Advantage B. Complete Advantage C. Comparative Edge D. Comparative Advantage...

3. A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle?

   A. Relative Advantage B. Complete Advantage C. Comparative Edge D. Comparative Advantage...

4. A number of relating prices of a group of commodities to their prices during an arbitrarily chosen based period is called ?

   A. Price index B. Price indexing C. Price fixing D. Price choosing...

5. Point out the term for producer goods such as machinery that is used in production of commodities ?

   A. Capital assets B. Running capital C. Capital goods D. Hard capital...

6. Term the interchange of commodities across political frontiers without restriction such as tariffs, quotas, or foreign exchange controls ?

   A. Open trade B. Free trade C. Open sky trade D. Easy trade...

7. Mention the market for trading long-term debt instruments ?

   A. Stock market B. Open market C. Capital market D. International market...

8. Micheal Roemer’s three-sector model shows that growth in the booming export sector I- reduces the price of foreign exchange II- retards other sectors’ growth by reducing incentives to export other commodities III- reduces incentives to replace domestic goods for imports IV- raises factor and input prices for non-booming sectors ?

   A. I and III only B. II and III only C. I, II and III only D. I, II , III only IV...

9. Technological improvements in agriculture that shift the supply of agricultural commodities to the right tend to ?

   A. increase total revenue to farmers as a whole because the demand for food is elastic B. increase total revenue to farmers as whole because the demand for food is inelastic C. reduce total revenue to farmers as a whole because the demand for food is elastic D. reduce total revenue to farmers as a...

10. There is a decentralized market where geographically dispersed dealers are linked by telephones and computer screens. The market is for securities not listed on a stock or bond exchange. Name the market ?

    A. Grey market B. Over-the counter (OTC) C. Open market D. Back market...