If It Wants to Reduce the Dollars Flowing Out of the Country

question 179

Multiple Choice

If it wants to reduce the dollars flowing out of the country, the United States can limit the number of Japanese cars being imported by imposing a(n)

• A) free trade zone.
• B) GATT.
• C) trade deficit.
• D) balance of trade.
• E) import quota.

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Definitions:

Appropriate Suppliers

Vendors or providers that meet specific criteria for quality, reliability, and ethical standards, suitable for a business's needs.

Transportation Of Goods

The process of moving products from one location to another, often involving various modes of transport such as trucks, ships, or planes.

Inventory Carrying Costs

The total costs associated with holding and storing inventory, including warehousing, insurance, depreciation, and opportunity costs.

Service Costs

Expenses associated with the delivery of a service, including labor, materials, and overheads.