Checkup 3 Flashcards
A tariff is a _____.
tax
The popular name for the _______________ is the World Bank.
International Bank for Reconstruction and Development
The ______ was established to promote international financial cooperation.
IMF/International Monetary Fund
Some state and city governments have promoted __________ trade.
international
The primary purpose of an import tariff is to __________.
restrict international business transactions
__________________ has been instrumental in instituting barriers to international business.
Labor union pressure
An _________ may cause a foreign country to retaliate with a tax on exported American products.
import tax
An ____________ may be placed on the transportation of certain products for health reasons.
embargo
The Export-Import Bank was created in __________.
1934
________ provides international businessmen with insurance against loss on international credit agreements.
Foreign Credit Insurance Association, FCIA
Tariffs instituted to protect infant industries are _________ eliminated.
seldom
An import tariff usually increases the _________ of imported goods.
price
