Match each item with the correct statement below.
-A(n)_____ is a form of trade restriction that imposes a complete ban on the import of specified products.
A)exporting
B)WTO
C)infrastructure
D)exchange rate
E)tariff
F)import quota
G)dumping
H)ISO certification
I)foreign licensing
J)multinational corporation
K)global marketing strategy
L)multidomestic marketing strategy
M)countertrade
N)related party trade
O)exchange control
P)customs union
Q)CAFTA-DR
R)importer
S)embargo
T)franchise

Question

Quizplus · Accepted Answer

An embargo is a complete ban on the import of specified products.

Answer: E
 A tariff is a form of trade restriction that imposes a tax on imported goods, rather than a complete ban.

Answer: F
 An import quota is a form of trade restriction that limits the quantity of a particular product that can be imported.

Answer: O
 Exchange control is a government policy that restricts the use of foreign currency in international trade.

Answer: P
 A customs union is a group of countries that have agreed to eliminate trade barriers among themselves and to adopt a common external tariff on imports from non-members.

Answer: T
 A franchise is an agreement between a company (the franchisor) and an individual or group (the franchisee) that allows the franchisee to operate a business using the franchisor's trademark, products, and methods.

Match Each Item with the Correct Statement Below