MATCHING Complete the Following Using the Terms Listed

question 56

Multiple Choice

MATCHING
Complete the following using the terms listed.
-A(n) _____puts a total ban on importing certain products from other countries.

• A)embargo
• B)balance of trade
• C)joint venture
• D)dumping
• E)import
• F)tariff
• G)International Monetary Fund
• H)World Trade Organization
• I)multinational corporation (MNC)
• J)devaluation
• K)exchange rate
• L)absolute advantage
• M)trade surplus
• N)quota
• O)World Bank
• P)balance of payments
• Q)comparative advantage

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Definitions:

International Exchange

The system or process through which different currencies are traded, affecting global trade and economics.

Investment Income

Income earned from various forms of investments, including dividends, interest payments, and profits from the sale of assets or securities.

Creditor Nation

A country that has more investments abroad than other countries have within its borders, making it a net lender to the rest of the world.

Australian Dollars

The currency unit of Australia, used as a medium of exchange and a standard of value, also known as the AUD in international finance markets.