Complete the Following Using the Terms Listed

Multiple Choice

Complete the following using the terms listed.
-Relocation of business processes to a lower-cost location overseas is known as ________.

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