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Unformatted text preview: goes down Question 6 1 out of 1 points A country's level of economic development is related to its ________. Correct Answer: standard of living Question 7 1 out of 1 points We determine a country's ________ by dividing all of the goods and services that it produces by its average population. Correct Answer: GNI per capita Question 8 1 out of 1 points One way of dealing with local laws and regulations in foreign countries is to hire local ________ to provide advice. Correct Answer: attorneys Question 9 1 out of 1 points The euro, the common currency of the European Union, facilitates trade and finance by ________. Correct Answer: simplifying exchange rate differences Question 10 1 out of 1 points According to the concept of opportunity cost, a country that decides to specialize in the production of a particular product may sacrifice the production of another. Correct Answer: True...
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- Spring '07
- Opportunity Cost