Complete the Following Using the Terms Listed

question 111

Multiple Choice

Complete the following using the terms listed.
-A(n) _____ is a tax levied on imported products.

• A)offshoring
• B)balance of trade
• C)joint venture
• D)Dumping
• E)Imports
• F)tariff
• G)International Monetary Fund
• H)World Trade Organization
• I)free trade area
• J)Devaluation
• K)exchange rate
• L)absolute advantage
• M)global business strategy
• N)Quota
• O)multidomestic strategy
• P)balance of payments
• Q)comparative advantage

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Definitions:

Disaffirmed

The act of denying or rejecting a contract or agreement, typically by one who was not legally capable of giving consent at the time of the agreement.

Liability

A legal obligation or responsibility; in financial terms, it refers to debts or monetary obligations a company or individual owes to others.

Employer

A person or entity that hires and employs workers, providing wages or salary in exchange for labor or services.

Enforceable

Capable of being imposed or upholding through legal means.