Some Nations with Weak Balance-Of-Payment Positions Issue an Import License

question 27

True/False

Some nations with weak balance-of-payment positions issue an import license on the condition that the goods move on an aircraft or vessel flying that nation's flag.

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Definitions:

Market

A system or place where buyers and sellers interact to trade goods, services, or assets.

Legally Purchase

Refers to buying goods or services in accordance with the law.

Internet Shopping

The act of purchasing goods or services via the internet through online retailers and marketplaces.

Competitive Market

A market structure characterized by many buyers and sellers, such that no single entity can dictate prices or terms of sale.