What is the difference between imports and exports?

Principles of Logistics and SC

Quiz
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Social Studies
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University
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Medium

Anonymous Anonymous
Used 6+ times
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41 questions
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1.
MULTIPLE CHOICE QUESTION
10 sec • 2 pts
Imports are goods purchased from another country.
Exports are goods sold to another country.
Both A and B.
None of the above.
2.
MULTIPLE CHOICE QUESTION
10 sec • 2 pts
What does the term 'Comparative Advantage' refer to?
The ability of a country to produce goods at a lower opportunity cost.
The total value of a country's exports minus its imports.
An agreement between countries to reduce trade barriers.
The movement of goods across international borders.
3.
MULTIPLE CHOICE QUESTION
10 sec • 2 pts
What is the role of customs in international trade?
To enforce laws and regulations at borders.
To collect revenue through tariffs and duties.
To protect domestic markets from illegal goods.
All of the above.
4.
MULTIPLE CHOICE QUESTION
10 sec • 2 pts
What are the main principles of logistics?
Transportation, Warehousing, Inventory Management.
Marketing, Sales, Customer Service.
Production, Distribution, Retail.
None of the above.
5.
OPEN ENDED QUESTION
20 sec • 2 pts
What is the definition of logistics?
Evaluate responses using AI:
OFF
6.
OPEN ENDED QUESTION
20 sec • 2 pts
What is the historical origin of logistics?
Evaluate responses using AI:
OFF
7.
MULTIPLE CHOICE QUESTION
10 sec • 2 pts
What is competitive advantage in logistics?
The ability allows a company, organization, or individual to outperform its competitors
The ability to offer lower prices than competitors.
The ability to provide better customer service than competitors.
All of the above.
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