When one country providesmost favoured nation status (normal trade relations) for another, it agrees to
A. charge that nation's products a lower tariff than any other nations
B. charge that nation's products a tariff rate no higher than that on any other nation
C. charge that nations products a higher tariff than any other nation's
D. exports to that nation any products that it wants to purchase
Answer: Option B
This Question Belongs to Management >> Foreign Trade Policy
A. Importing
B. Exporting
C. Franchising
D. Joint Ventur
Foreign trade helps each country to make . . . . . . . . use of its natural resources.
A. optimal
B. loss
C. better
D. none of these
The effects of foreign trade on the domestic economy maybe at
A. Micro level
B. Macro level
C. Both A and B
D. Neither A nor B
A. Chief controller of Imports and Exports
B. Director General of Foreign Trade
C. Director General of Commercial Intelligence
D. Chief Controller of Foreign Trade
Join The Discussion