Answer the following statement(s) true (T) or false (F)
1. Today, most countries use a floating exchange rate.
2. Nationalism often discourages global transactions.
3. A quota is a tax against goods brought into a country.
4. Retaliation is an important consideration when evaluating the risk of imposing a tariff against certain goods.
5. Tariffs, quotas, and embargoes are all designed to protect domestic industries.
1. TRUE
2. TRUE
3. FALSE
4. TRUE
5. TRUE
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