Podcast
Questions and Answers
What is the definition of a tariff?
What is the definition of a tariff?
- The total market value of all goods and services produced by workers and capital within a nation during a given period
- A tax on imports or exports of goods between countries (correct)
- A restriction on goods entering or leaving a country
- The selling and shipping of goods to other countries
What does GDP stand for?
What does GDP stand for?
- General Development Protocol
- Gross Domestic Product (correct)
- Goods Distribution Plan
- Global Domestic Product
Which term refers to the trade of goods and services, capital, knowledge, and technology across borders on a global scale?
Which term refers to the trade of goods and services, capital, knowledge, and technology across borders on a global scale?
- SITC
- IBEX (correct)
- Export management company
- Interpreter
What is the role of a freight forwarder?
What is the role of a freight forwarder?
What is a common misconception regarding disposable income?
What is a common misconception regarding disposable income?
What does SITC stand for?
What does SITC stand for?
Exporting refers to buying goods from other countries to sell.
Exporting refers to buying goods from other countries to sell.
A trade barrier is a restriction on goods entering but not leaving a country.
A trade barrier is a restriction on goods entering but not leaving a country.
Tariff is a tax on imports but not on exports.
Tariff is a tax on imports but not on exports.
GDP stands for the total market value of all goods and services produced by workers and capital within a nation during a given period.
GDP stands for the total market value of all goods and services produced by workers and capital within a nation during a given period.
An interpreter is someone who arranges shipments and prepares necessary exporting paperwork.
An interpreter is someone who arranges shipments and prepares necessary exporting paperwork.
Disposable income is the money people have to spend after paying for all their expenses.
Disposable income is the money people have to spend after paying for all their expenses.
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