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Question
Which of the following is a concern of some economists regarding regional integration?
A) The benefits of regional integration are determined by the extent of trade diversion.
B) The benefits of regional integration may have been oversold, while the costs have been ignored.
C) A regional free trade agreement will benefit the world only if the amount of trade it diverts exceeds the amount it creates.
D) The costs of regional integration will be exceedingly high with little chance that the benefits will outweigh the costs.
Answer
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Related questions
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Countertrade is
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B) least attractive to small, primarily domestic enterprises.
C) most attractive to large, diverse multinational enterprises.
D) least attractive to large, diverse multinational enterprises.
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_____ occurs when a firm builds a plant in a country and agrees to take a certain percentage of the plant s output as partial payment for the contract.
A) A buyback
B) A barter
C) An offset
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A) bill of lading
B) letter of credit
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B) bill of lading
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In a typical international trade transaction, the
A) exporter should obtain a letter of credit to initiate transactions.
B) importer and exporter maintain an account with the same bank.
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D) importer s bank sends the draft and bill of lading to the exporter s bank.
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In an international transaction involving a bank as a third party, the exporter ships the product after
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B) EMCs are export-import banks that manage foreign exchanges.
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Tangible property includes patents, designs, copyrights, and trademarks.
⊚ true
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A) Transport costs are high when using a just-in-time system.
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A) ISO 9000
B) TQM
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⊚ true
⊚ false
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⊚ true
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