A(n) _____ Is a Secure Location Where Incoming International Shipments

question 50

Short Answer

A(n) _____ is a secure location where incoming international shipments can be held until customs requirements are satisfied or until payment arrangements are completed.

---

Definitions:

Comparative Advantage

The ability of an individual, company, or country to produce a particular good or service at a lower opportunity cost than its competitors.

Import

The act of bringing goods or services into a country from abroad for the purpose of trade.

Export

The sale of goods or services from one country to another.

Trucks

Large heavy-duty vehicles designed for transporting goods and materials over long distances.