Match Each Term with the Appropriate Definition

question 36

Multiple Choice

Match each term with the appropriate definition.
- Originally designed as a free alternative to GIF

• A)bitmap image
• B)vector graphic
• C)PNG
• D)JPEG or JPG
• E)GIF

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Definitions:

Tariffs

Taxes imposed by a government on imported goods to increase their price and protect domestic industries from foreign competition.

Predatory Dumping

The practice of selling a product in a foreign market at a price below its cost of production to undercut local competitors and gain market share.

Domestic Production

The total value of all goods and services produced within a country’s borders, reflecting the output of its economy.

Monopoly Position

A market situation in which a single company or entity has exclusive control over the production and sale of a particular good or service.