The Export License Application and Information Network Is an Electronic

question 72

Multiple Choice

The Export License Application and Information Network is an electronic service that enables exporters to:

• A) ship their goods for those licenses approved without conditions.
• B) check the status of their license and classification applications.
• C) submit commodity classification requests via the Internet to the Bureau of Export Administration.
• D) submit license applications via the Internet for all commodities except supercomputers to all free-world destinations.
• E) submit the export and re-export applications and high-performance computer notices via the Internet.

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Definitions:

Cost Curves

Graphs that show the cost of producing different quantities of a good or service, typically including average and marginal cost curves.

Market Price

The current price at which an asset or service can be bought or sold in a competitive marketplace.

Total Cost

The total cost is the sum of fixed and variable costs incurred in the production of goods or services.

Economic Profit

The difference between total revenue and the total costs of inputs, including both explicit and implicit costs.