16.Autarky is characterized by which of the following?

a.Abundance of trade

b.Multiple trading partners

c.Country is self-sufficient

d.Any of above

e.None of the above

17.Which of the following describes a "bonded warehouse"?

a. A warehouse where imports are duty-free

b. A warehouse where good can remain without a tariff

c. A warehouse funded by bonds

d. Answers a and b

e. Answers a and c

18.Which of the following describes a "scientific tariff "?

a. Tariffs applicable only to scientific imports

b. Tariffs applicable only to scientific services

c. Tariffs calculated using a scientific method

d. Tariffs originating in the "Age of Science" (1800s)

e. None of the above

20. Which of the following would be considered a secondary product?

a.Tractor

b.Corn

c.Plow

d.Answers a and c

e.Answers a, b and c

21.Which of the following gave rise to the World Bank?

a.Bretton Woods

b.Gold Standard

c.Bimetallism

d.Floating Exchange Rates

e.Inter-War Period