Implied Time Is the Portrayal or Suggestion of the Passage

question 14

Multiple Choice

Implied time is the portrayal or suggestion of the passage or duration of _____________.

• A) ​time 
• B) ​outline 
• C) ​shape 
• D) ​illusion 
• E) ​space

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Definitions:

Terms of Trade

The ratio at which a country's exports are exchanged for imports, influencing the level of a country's economic health and prosperity.

World Price

The price at which a good is traded on the world market; determined by the world demand and world supply for the good.

Tariff

A Tariff is a tax imposed by a government on imported goods, often used to protect domestic industries from foreign competition.

Opportunity Cost

Giving up the chance to benefit from other opportunities by selecting a specific option.