Complete the Following Using the Terms Listed

question 50

Multiple Choice

Complete the following using the terms listed.
-A limit on the amount of a particular product that a country can import during a specified time period is a(n) _____.

• 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:

Maximize Rewards

A principle often found in social exchange theory, suggesting individuals seek to enter relationships that provide the greatest benefits with the least costs.

Minimize Costs

Refers to the process of reducing expenses or outlays in order to achieve financial efficiency or budgetary goals.

Population

Any well-defined group of people (or things) that researchers want to know something about.

Researchers

Individuals who conduct systematic investigations to establish facts or principles or to collect information on a subject.