Ad Valorem, Is a Latin Phrase That Means

question 27

Multiple Choice

Ad valorem, is a Latin phrase that means:

• A) according to value
• B) buyer beware
• C) and others
• D) none of the above

Analyze the strategic reasons behind trade protectionism and its impacts on domestic industries.

Identify the effects of tariffs, quotas, and subsidies on international trade.

Explain the concepts of comparative and absolute advantage in trade.

Analyze the impact of trade deficits and surpluses on a country's economy.

---

Definitions:

Webcam

A small camera that sits on top of a computer monitor or that’s built into a computing device and is usually used to transfer live video.

Computer Case

The enclosure that contains most of the components of a computer, excluding input/output devices like keyboards and monitors.

Bluetooth

A standard for wireless communication that allows data transfer over short distances between stationary and mobile devices, facilitating the formation of personal area networks.

Pixels

The smallest unit of a digital image or graphic that can be displayed and manipulated on a digital display device.