Complete the Following Using the Terms Listed

Multiple Choice

Complete the following using the terms listed.
-A nation can have a(n) _____ in a product if it can supply it more efficiently and at a lower price.

A) offshoring
B) balance of trade
C) joint venture
D) Dumping
E) Imports
F) tariff
G) International Monetary Fund
H) World Trade Organization
I) free trade area
J) Devaluation
K) exchange rate
L) absolute advantage
M) global business strategy
N) Quota
O) multidomestic strategy
P) balance of payments
Q) comparative advantage