Complete the Following Using the Terms Listed

question 94

Multiple Choice

Complete the following using the terms listed.
-_____ are foreign-made products purchased by domestic consumers.

• 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

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Definitions:

Terabyte

A unit of digital information storage equal to approximately one trillion bytes, commonly used to quantify hard drive or storage capacity.

Megabyte

A unit of digital information storage or data size, approximately 1 million bytes, often used to quantify the size of digital files or storage capacity.

Kilobyte

A unit of digital information that comprises 1,024 bytes, often used to express the size of small files or amounts of data.

Binary Digit

The smallest unit of data in computing, represented by a 0 or 1, used in the binary number system.