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Describe a bonded warehouse

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Reference no: EM132745027

1. Autarky is characterized by which of the following?

a. Abundance of trade

b. Multiple trading partners

c. Country is self-sufficient

d. Any of above

e. None of the above

2. Which of the following describes a "bonded warehouse"?

a. A warehouse where imports are duty-free

b. A warehouse where good can remain without a tariff

c. A warehouse funded by bonds

e. Answers a and b

f. Answers a and c

3.Which of the following experienced hyper inflation?

a. Bretton Woods

b. Gold Standard

c. Bimetallism

d. Floating Exchange Rates

e. Inter-War Period

4. Which of the following resulted from the U.S. ending the gold standard ?

a. Bretton Woods

b. Gold Standard

c. Bimetallism

d. Floating Exchange Rates

e. Inter-War Period

5.When exports exceed imports we have a?

a. Trade Deficit

b. Budget Deficit

c. Trade Surplus

d. Answers a or c

e. Answers a or b

6. Which of the following is a purpose of Tariffs?

a. Raise revenues

b. Change behavior

c. Re-distribute wealth

d. Answers a and b

e. Answers b and c

Reference no: EM132745027

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