A Ratio Expresses a Mathematical Relation Between Two Quantities and Can

question 186

True/False

A ratio expresses a mathematical relation between two quantities and can be expressed as a percent, rate, or proportion.

---

Definitions:

Tariffs

Taxes on foreign products that discourage imports.

Dumping Activities

Practices where a country or company exports a product at a price lower than the price it normally charges in its own home market, often considered unfair competition.

Trade Surplus

A situation where the value of a country's exports exceeds the value of its imports over a specific period, indicating a positive balance of trade.

Subsidy

Financial assistance granted by the government or a public body to support businesses, reduce costs, and encourage economic activities.