What is called the trade of goods or services without the exchange of money ?

Related Mcqs:

1. Which exchange rate system involves a leaning against the wind|| strategy in which short-term fluctuations in exchange rates are reduced without adhering to any particular exchange rate over the long run ?

   A. pegged of fixed exchange rates
   B. adjustable pegged exchange rates
   C. managed floating exchange rates
   D. free floating exchange rates

2. S = Savings, I = domestic investment, X = exports of goods and services, and M = imports of goods and services Which of the following is true ?

   A. S – I = X = M
   B. S + I = X + M
   C. S = I – (X+M)
   D. S-I = X/M

3. What is called the trade without restriction of tariffs, quotas, or foreign exchange controls ?

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

4. Amount of money needed to purchase the goods and services required to maintain a certain standard of living called ?

   A. Cost of living
   B. Basic requirement
   C. Cost of life
   D. None of the above

5. What is called amount of money to purchase the goods and services to maintain life ?

   A. Cost living
   B. Basic requirement
   C. Cost of life
   D. None of these

6. The record of a country’s imports and exports of of goods and services plus net investment incomes and current transfers of money to and from abroad, is called its ?

   A. balance of payments on current account
   B. visible trade balance
   C. balance of trade
   D. balance of payments

7. How is termed equal rights of trade of trade without giving monopolies or preferences to an individual country ?

   A. Open door market
   B. Open door country
   C. Open sky market
   D. Free economy

8. When free trade areas are set up the member countries trade with each other grows faster than their trade with other countries This is due to what economist call ?

   A. trade diversion
   B. trade channeling
   C. trade creation and trade diversion
   D. trade creation

9. Barter is the trade of goods or services with ?

   A. free exchange of money
   B. exchange of services
   C. exchange of goods and services
   D. None of them

10. According to the trade theory of Staffan Linder trade tends to be most pronounced in manufactured goods when trading countries have ?

    A. similar endowments of natural resources
    B. similar levels of technology
    C. similar per-capita incomes
    D. similar wage levels