1. Devaluation of a country's currency tends to make:
Trade & CSME
  1. imports cheaper and exports dearer
  2. exports cheaper to foreigners and imports more expensive at home
  3. no difference
  4. all prices fall
2. Direct taxes differ from indirect taxes because direct taxes are:
Trade & CSME
  1. levied on spending
  2. levied on income and profits and paid directly by the person or firm
  3. hidden in prices
  4. voluntary
3. A government's main sources of revenue include:
Trade & CSME
  1. taxation, such as income tax and GCT
  2. donations from firms only
  3. lottery winnings
  4. foreign gifts only
4. Governments protect consumers through measures such as:
Trade & CSME
  1. removing all laws
  2. weights and measures standards, food safety rules and consumer protection agencies
  3. banning shops
  4. fixing every price
5. CARICOM's common external tariff means member states:
Trade & CSME
  1. tax each other's goods heavily
  2. apply the same tariff rates to goods from outside the region
  3. ban all trade
  4. share one prime minister
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