| A. | Increase in prices |
| B. | Import duties |
| C. | Countervailing duties |
| D. | Export duties |
|
Option: C Explanation : Click on Discuss to view users comments. |
| A. |
A free trade area. Members remove trade barriers among themselves but keep their separate national barriers against trade with the outside world.
|
| B. |
A customs union. Members remove all barriers to trade between them and adopt a common set of external barriers
there by eliminating the need for customs inspection at internal borders
|
| C. |
A common market. Members allow full freedom of factor flows (migration of capital and labour) among tllemselves
in addition to having a free trade area
|
| D. | None of the above. |
|
Option: D Explanation : Click on Discuss to view users comments. |
| A. | Agricultural trade |
| B. | Cosmetics trade |
| C. | Apparel trade |
| D. | Mineral trade |
|
Option: A Explanation : Click on Discuss to view users comments. |
| A. | Permanently fixed rate system |
| B. | Exchange rate compromises system |
| C. | Deficits without tears |
| D. | Adjustable-peg system |
|
Option: D Explanation : Click on Discuss to view users comments. |
| A. |
Record of transactions between residents of a country and rest of the world
|
| B. |
Systematic record of real transactions between residents and foreigners in a given period of time.
|
| C. |
Systematic record of all economic transactions between residents of that country and rest of the world
|
| D. |
Systematic record of all economic transactions between residents of that country and rest of the world, during a given period of time
|
|
Option: D Explanation : Click on Discuss to view users comments. |
