exam 1 - 1. gross domestic product is a. a yardstick of...

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1. gross domestic product is a. a yardstick of economic activity b. the market value of the final output of a goods and services produced within a country in a year c. the value of output produced by domestic residents d. 2. the merchandise trade balance is a. differences between exports and imports 3. the categories of business that are active in apparel manufacturing including a. apparel materials sourcing b. apparel productions vendors c. retail product developers 4. tariffs are a. taxes on imports 5. apparel productions is frequently the first industry to enter a developing country a. capital investment, labor, training period 6. developing counties play a significant role in globalization because of a. low labor cost, avaibility of work force, richness of natural resources, strategic geographical locations 7. which of the following doesn’t describe the current status of globalization in the apparel industry a. inc customer demands, opportunities, openness, logistic, government
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exam 1 - 1. gross domestic product is a. a yardstick of...

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