Trade between two countries can be useful if cost ratios of goods are ?

Related Mcqs:

There is method by which one currency is bought, sold or valued in terms of other currencies, gold or accounting units such as the Special Drawing Right of IMF. What is it called ?

A. Currency exchange B. Currency value C. Currency value D. Exchange rate...

What is sales tax_____________?

A. Levied on the retail price of merchandise and collected by retailer B. Tax deducted at source C. Tax on local produce D. Tax on gross sale...

What is called degree of buyer’s responsiveness to price changes ?

A. Production & Supply B. Demand push Supply C. Demand & Supply D. Demand pull supply...

What is measured by Gross domestic product (GDP)?

A. Value of all economic activity within nation’s border B. Economic output of a country C. Economic activity of federal government D. None of these...

What is Remittance_______________?

A. Sending of money to someone at distance B. The sum of money sent C. Both of them D. None of them...