Trade and Economics Quiz

When a country imposes extra fees on imported goods to protect domestic industries, these fees are called a ______.

• subsidy

• dumping

• tariff

• negotiation

If a nation’s exports exceed its imports, it is experiencing a ______.

• trade deficit

• trade surplus

• mediation

• logistics

To combat unfair pricing of foreign goods, a government might apply a ______ duty.

• countervailing

• protocol

• classifier

• landmark

A detailed plan of travel activities and destinations is called an ______.

• itinerary

• accommodation

• expedition

• arbitration

A person who travels with minimal luggage and stays in budget lodgings is practicing ______.

• hospitality

• backpacking

• staycation

• subsidy

A small item bought to remember a trip is a ______.

• egulation

• logistics

• gradient

• souvenir

A mathematical model inspired by the human brain’s structure is a ______.

• certification

• dataset

• mediation

• neural network

The percentage of correct predictions made by a model is its ______.

• precision

• accuracy

• feature

• dumping

An algorithm that adjusts parameters to minimize errors uses a ______.

• loss function

• optimizer

• gradient

• protocol

A formal agreement between countries to reduce trade barriers is a ______.

• contract

• protocol

• subsidy

• classifier