What is called a group of countries that have removed all tariffs, quotas, and export subsidies on trade among themselves ?

Related Mcqs:

The exchange rate is the ratio at which the currency of one country is exchanged for the currency of another. Which method was developed by the World bank to exchange rates ?

A. Breton Wood method B. Free market exchange rate C. Atlas method of exchange rate D. Open market exchange rate...

By Which scale the value of all economic activity produced by a nation during a given period is measured ?

A. Gross Domestic Product (GOP) B. Gross National output (GNO) C. Gross National Product (GNP) D. Gross National output...

What occurs when a firm’s business is terminated Assets are sold, proceeds are used to pay creditors, and any leftovers are distributed to shareholders ?

A. Solvency B. Crash C. Bankruptcy D. Liquidation...

Governmental non-interference in commerce is called ?

A. Free market economy B. Laissez faire also Laisser faire C. Open market economy D. Liberal market economy...

Economic development ?

A. Is the same as economic growth B. Means improvement in lifestyle C. Exists when there is equal distribution of income D. All of the above...