FOB and CFR share one thing that_______.
A. risk is transferred when the goods shipped on board the carrying vessel.
B. they can be used in any mode of transport
C. the seller will be responsible for the unloading at the port of destination.
D. none of the above
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The Incoterms 2010 requires the buyer to handle the import customs clearance except under .
A. EXW
B. FCA
C. DAP
DDP
The derived terms are used to specify clearly the responsibility and the cost of __________.
A. loading
B. unloading
C. stowing
D. landing
The theory of absolute advantage holds that a commodity will be produced in the country where it costs ______ in terms of resources (capital, land, and labor).
A. most B. C D
B. nothing
C. least
D. progressively
Mercantilism states that all raw materials found in a country should be used in domestic manufacture, since finished goods have a_______ value than raw materials.
A. lower B. C. D.
B. higher
C. decreased
D. more tangible