Complete the Following Using the Terms Listed

question 26

Multiple Choice

Complete the following using the terms listed.
-A nation can have a(n) _____ in a product if it can supply it more efficiently and at a lower price.

• 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