Business 100

QUESTION 22 Products created abroad and then transported and sold domestically are called subsidies exports imports buy backs QUESTION 23 Products created domestically and transported for sale abroad are called exports imports returns quotas QUESTION 24 Ford (a U.S, company purchased Volvo (a Swedish company. What does this illustrate? O social responsibility licensing arrangement foreign direct investment exporting QUESTION 25 A trade deficit occurs when a nation imports more than it exports. True False QUESTION 26 The North American Free Trade Agreement regulates trade between the United States, Canada, and Japan. True