How is termed equal rights of trade of trade without giving monopolies or preferences to an individual country ?
Correct answer: A. Open door market
- A. Open door market
- B. Open door country
- C. Open sky market
- D. Free economy
Explanation
An open-door market or policy gives traders from different countries equal access without granting exclusive monopolies or preferences. The other options do not name this principle of nondiscriminatory trade.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? [email protected]
About Macroeconomics
The economy is studied as a whole through national income, gross domestic product, inflation, unemployment, economic growth and business cycles. Coverage includes aggregate demand and supply, consumption and investment, money and banking, fiscal and monetary policy, exchange rates and balance of payments, which distinguishes macroeconomics from the study of individual markets.
Practise Macroeconomics
1,499 free Macroeconomics MCQs from Economics, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Discussion
Stuck on an option, or know a faster way to get there? Ask or explain it here.
No comments yet. Be the first to explain this one.
Exams that ask Economics questions like this
Economics is on 3 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Macroeconomics questions
The economics system planned economy is ?
How is termed a written promise to pay back a specified sum of money at a stated time or on demand ?
What is called the advocacy of protecting domestic producers by impeding or limiting the importation of foreign goods and services ?
Which term is used for the total net value of all goods and services produced in a country in specified period of time ?
A company or corporation which was subsidiaries, investments or operation in more than one country is known as ?
What is called the overall study of aspects and working of a national economy ?