a) a comparative advantage b) an absolute advantage c) a qualified advantage d) a specific advantage 13．——is the price or exchange rate at which one is willing o buy or sell a currency．
a) A quota b) A tariff c) A quotation d) A non-barrierr tariff
1 4．If home currency is used to express the unit price of a foreign currency, we call it
a) a direct quotation b) an indirect quotation c) an exchange rate d) a foreign exchange 1 5．According to their purposes，tariffs fall intotwo types：
a) specific tariffs and compound tariffs b) revenue tariffls and protective tarifrs
c) ad valorem tariffs and specific tariffs d) revenue tariffs and ad valorem
l 6. In addition to regular importt tariffs，imports might have to pay__________．
a) revenue tariffs b) import surtax c) protective tariffs d) alternative tariffs
17．Import surtax is an additional tax for specific purposes．It has following major forms except：
a) countervailing duty b) anti-dumping duty c) variable levy
d) barrier
18．Import surtax can be collected in four ways such as specinc duties and the following except：
a) anti-dumping duties b) ad valorem duties c) compound duties d ) alternative duties
l 9．Exporting countries sometimes have to stipulate quotas for products they can export during a certain period of time as the importing countries requested．Such quotas are called——．
a) tariff quotas b) requested quotas c)voluntary export quotas d)foreign quotas
20．Besides tariffs，other measures such as quotas are also used to control imports．As such measures collect no tariff they are commonly referred to as——．
a) non-tariff barriers b) tariff barriers c) barriers d) without tarriffs
Fill in Blanks：
1．_________exists when a country can make something better or more cheaply than anyone else．
2．______________ is an agreement that the exporting company gives the foreigner a license to produce or market the former?s products in the latter?s country．
3．In international business，currencies of foreign countries are called
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