Complete the Following Using the Terms Listed

Multiple Choice

Complete the following using the terms listed.
-A country has _____ in the marketing of a product if it has a monopolistic position or it produces the product at the lowest cost.

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