Federal taxes imposed on imports are ____________.

justified

tariffs

a trade quota

function of the Word Trade Organization.

The amount of goods or services for sale at a given time is called ________

supplier orders

substitute goods

supply

demand

An economic system where most businesses and owned and operated by individuals is called ____________________.

free market

privatization

communism

socalism

Nike has a warehouse full of shoes to sell to shoe stores. The store orders have been about half-as-much as expected the first quarter of this year. Nike has a ______.

off-shore challenge

trade deficit

problem

surplus