[ESP231] U1 P2

[ESP231] U1 P2

University

33 Qs

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[ESP231] U1 P2

[ESP231] U1 P2

Assessment

Quiz

English

University

Practice Problem

Hard

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33 questions

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1.

FILL IN THE BLANK QUESTION

1 min • 1 pt

The pattern of imports and exports that would result in the absence of trade barriers is called

2.

FILL IN THE BLANK QUESTION

1 min • 1 pt

advantages result because economies of scale limit the number of companies that

an industry can sustain.

3.

FILL IN THE BLANK QUESTION

1 min • 1 pt

Financial assistance to domestic producers in the form of cash payments, low-interest loans,
tax breaks, product price supports, or some other form is called

4.

FILL IN THE BLANK QUESTION

1 min • 1 pt

When a government guarantees that it will repay the loan of a company if the company should
default on repayment, it is called a

5.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A designated geographic region in which merchandise is allowed to pass through with lower
customs duties and/or fewer customs procedures is called a (n)

6.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A _________ is a government tax levied on a product as it enters or leaves a country.

7.

FILL IN THE BLANK QUESTION

1 min • 1 pt

A tariff levied by the government of a country that is exporting a product is called an

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