How do tariffs typically impact imported goods?

They make imported goods cheaper

They make imported goods more expensive

They improve the quality of imported goods

Which of the following best describes a quota in international trade?

A limit on the quantity of goods that can be imported

A subsidy for domestic producers

What is one of the primary roles of Multi National Companies (MNCs) in the global economy?

To create employment opportunities worldwide

To standardize global currencies

To control international regulations

Which of the following is a potential drawback for a country hosting an MNC?

Increased local entrepreneurship

Dependence on foreign investment

How can changes in exchange rates impact an exporting business?

A stronger domestic currency makes exports cheaper

A weaker domestic currency makes exports cheaper

Exchange rate changes do not affect exports

A weaker domestic currency makes exports more expensive

Which of the following can be a result of imposing tariffs on imports?

Reduced prices for domestic goods

Increased competition for domestic producers

How can an appreciation of a country's currency affect its importers?

Importers face increased tariffs

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