chapter 10

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1 point

A free trade zone selected area where products can be imported duty-free and then stored, assembled, and/or used in manufacturing.

True

False

1 point

The exchange rate is the value of money of one country expressed in terms of the money of another

True

False

1 point

The difference between a country's total payments to other countries and its total receipts from other countries.

True

False

1 point

interest rate → rate of how many people can read or write

True

False

1 point

A joint venture is an agreement between two or more companies from different countries to share a business project.

True

False

1 point

exports → Goods and services bought from another country

True

False

1 point

a comparative advantage exists when a country specializes in the production of a good or service at which it is relatively more efficient

True

False

1 point

A infrastructure is the nation's transportation, communication, and utility systems. like transportation, communication, and utilities.

True

False

1 point

The embargo stops the importing or exporting of a certain product or service.

True

False

10.

1 point

The balance of trade is the difference between a country's total exports and total imports of goods.

True

False

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