Match Each Item with the Correct Statement Below

question 137

Multiple Choice

Match each item with the correct statement below.
-A(n) _____ is a form of trade restriction that imposes a complete ban on the import of specified products.

• A)exporting
• B)WTO
• C)infrastructure
• D)exchange rate
• E)tariff
• F)import quota
• G)dumping
• H)ISO certification
• I)foreign licensing
• J)multinational corporation
• K)global marketing strategy
• L)multidomestic marketing strategy
• M)countertrade
• N)related party trade
• O)exchange control
• P)customs union
• Q)CAFTA-DR
• R)importer
• S)embargo
• T)franchise

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Definitions:

Government Economic Policy

The strategies and measures employed by a government to manage its economy, including taxation, spending, and interest rate settings.

Keynesian Approach

A macroeconomic theory that emphasizes the role of government intervention in stabilizing the economy and managing aggregate demand.

Great Depression

A severe worldwide economic downturn that took place during the 1930s, characterized by widespread unemployment, deflation, and a significant decline in economic activity across the globe.

Unemployment

The situation where individuals who are capable of working and are actively seeking work are unable to find employment.