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Assessment

Flashcard

English

University

Hard

Created by

Wayground Content

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15 questions

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1.

FLASHCARD QUESTION

Front

Uptake

Back

The rate or extent to which something is accepted or adopted, particularly in the context of new products or services.

2.

FLASHCARD QUESTION

Front

Reciprocal Trade Policy

Back

A trade policy where two countries agree to impose tariffs or trade restrictions on each other's goods, promoting mutual economic benefits.

3.

FLASHCARD QUESTION

Front

Trade Surplus

Back

A situation where a country exports more goods and services than it imports, resulting in a positive balance of trade.

4.

FLASHCARD QUESTION

Front

Earmarked

Back

Designated for a specific purpose, often used in the context of funds allocated for particular projects or initiatives.

5.

FLASHCARD QUESTION

Front

Tariffs

Back

Taxes imposed on imported goods, used to protect domestic industries and generate revenue for the government.

6.

FLASHCARD QUESTION

Front

Trade Deficit

Back

A situation where a country imports more goods and services than it exports, resulting in a negative balance of trade.

7.

FLASHCARD QUESTION

Front

Balanced Trade

Back

A situation where a country's exports and imports are equal, resulting in no trade surplus or deficit.

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