Reference no: EM133154213
1. A government imposed trade barrier that limits the amount of a product that can be imported in a certain period of time is known as a:
a) Tariff
b) Trade quota
c) Trade embargo
d) Trade limit
2. Which regions are considered emerging markets that could become Canada's major trading partners in the future?
a) China, India, and the Middle East
b) Africa, India, and the Middle East
c) Africa, China, and Mexico
d) None of the above
3. Which of the following is an example of a domestic market?
a) You sell your product to consumers in a country within the same continent as it is produced
b) You sell your product to consumers in a city in the same province as it is produced
c) you sell your product in the same country as it is produced
d) Both b and c Section