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Making Brazils Economy Hawt

To protect a domestic industry from foreign competition by raising the price of foreign competitors’ products, Brazil could

Levy an import tariff.

Establish an embargo.

Impose a nontariff barrier.

Brazil, together with Australia, has a(an) ________ over the production of iron ore because it mines and exports far more than most countries.

Embargo

Absolute advanage

Trade deficit

Comparative weakness

For a Brazilian firm, the process of exporting to international markets may include all of the following except

Letter of credit

Import tariff

Bill of lading

Draft

How much did Brazils economy grow last year?

7.5%

32.5%

3.3%

1.3%

How much iron ore does brazil mine?

40%

28%

12%

What are mortgage rates in Brazil?

75%

50%

25%

20%

Americas economy is more hot than Brazils.

True

False

The China Max is the biggest tanker in the world.

True

False

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