Which of the Following Statements Is True

question 6

Multiple Choice

Which of the following statements is true ?

• A) A tariff is a physical limit on the quantity of a good allowed to enter a country.
• B) An embargo is a tax on an imported good.
• C) A quota is a law that bars trade with another country.
• D) When a nation exports more than it imports it is running a balance of trade surplus.

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Definitions:

Trait Approach

A way of studying personality that focuses on the measurement of individual traits, which are consistent patterns of thought, feeling, and behavior.

Personality

The combination of characteristics or qualities that form an individual's distinctive character and determine how they interact with the environment and others.

Advantages

The favorable factors or benefits that contribute to someone's success in competition or comparison with others.

Big Five Factors

A model outlining five broad dimensions used to describe human personality: openness, conscientiousness, extraversion, agreeableness, and neuroticism.