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Importing and Exporting

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Daphne Bergstrom

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Cards in this guide (23)
What allows only a certain quantity of an item to be imported

import quotas

Which organization was founded in 1995 to promote trade between nations

world trade organization

Which nations were the world's leading exporting nations during the mid-1990s

U.S., Germany, Japan, France, and U.K.

Which of these is not a reason why people often buy a cheaper product

to buy better quality

How long does a student typically have after graduation to begin repaying a Stafford loan

The student usually has six months after graduation to start repaying a Stafford Loan.

What term indicates the exchange of goods and services within a single country

The exchange of goods and services within a single country is called domestic trade.

Which of these conditions can be caused by a trade deficit

business may have to downsize

What type of school should someone attend if he or she wants to be a plumber

Vocational School ;p

Which term is defined as the lack of satisfaction a person receives from using a product repeatedly

Diminished Marginal Utility is the lack of satisfaction a person receives from using a product repeatedly.

Which of these is a tax on imports or exports

tariff

What is usually true of business schools

They are accredited by state higher education boards.

Which of these terms is also defined as unrestricted trade

free trade

What is not affected by an increase in earnings

commute time

What is defined as buying a lower-priced product rather than a more expensive product

Substitution effect

Which of these forms should be adjusted to change tax withholdings

W-4

Which statement is true of people who have a higher level of education

Have fewer perids of unemployment in their lifetime

What type of school will students who want to expand or refine their knowledge in areas such as mathematics the sciences and literature generally choose

University

Is the best description of universal life insurance

purchased for a set premium cost with the option of paying more.

Which of these is the best description of term insurance. purchased for a set premium cost with the option of paying in more

purchased for a certain time period with a specific premium cost

Which of these usually does not change whin a person forms his or her own family unit

individual carrer

Which of these is the best description of whole life insurance

purchased for a set premium cost with the option of paying in more.

Which of these is not an export of the United States

oil

===============

A different answer...

The US exported 15.7 milliion barrels of oil in March 2016, so the answer could not be "oil".

What was one of the causes of the growing US trade deficit

the rise in the cost of imported oil

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