Enforcement of the U

question 8

Multiple Choice

Enforcement of the U.S.export laws is the function of the:

• A) U.S. Department of Commerce.
• B) U.S. Bureau of Customs and Border Protection.
• C) State and local police forces.
• D) U.S. military.

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Definitions:

Free Trade

The unrestricted purchase and sale of goods and services between countries without the imposition of constraints such as tariffs, duties and quotas.

Entrepreneurial Ability

The skill to innovate, take risks, and efficiently allocate resources to create and manage a business.

Human Capital

A form of intangible capital that includes the skills and other knowledge that workers have or acquire through education and training and that yields valuable services to a firm over time.

Labor Productivity

The measure of economic output per unit of labor input, often used to gauge the efficiency of a workforce.