One of the Most Important Developments in the Internet Age

question 35

Multiple Choice

One of the most important developments in the internet age has been the rise of ______ media like Facebook.

• A) broadband
• B) social
• C) self-published
• D) citizen-created

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Definitions:

Free-Trade Zone

A specific area within a country where goods may be imported, handled, manufactured, or reconfigured without direct intervention by the customs authorities, often to encourage trade and investment.

Acquired Comparative Advantage

An advantage gained by a country or firm through learning, innovation, and investment, as opposed to natural endowments.

Quota

A government-imposed trade restriction that limits the number or monetary value of goods that can be imported or exported.

Free-Trade Policies

Government policies aimed at reducing or eliminating barriers to trade between countries, such as tariffs and quotas, to encourage international commerce.