Workers from poland are free to work in the united

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11. Workers from Poland are free to work in the United Kingdom to fill shortages there. What is this scenario an example of? YOUR ANSWER CORRECT ANSWER Specialization Comparative advantage Absolute advantage Factor price equalization Trade surplus
12. What does trade policy have a direct impact on? YOUR ANSWER CORRECT ANSWER
13. What is NOT a rationale for managing trade? YOUR ANSWER CORRECT ANSWER
YOUR ANSWER CORRECT ANSWER Mercantilism Infant industry argument 14. What must countries do to create regional economic integration? YOUR ANSWER CORRECT ANSWER
15. Which aspects of economic geography affect international trade? Choose 2 answers YOUR ANSWER CORRECT ANSWER Higher economic barriers Reduced specialization of products Advantage of location Size of the countries involved Closed interaction between emerging markets
16. How does regional integration affect countries? YOUR ANSWER CORRECT ANSWER
17. Which regional bloc is dedicated to South America? YOUR ANSWER CORRECT ANSWER
18. What statement of account summarizes all transactions between one country and the rest of the world for a given period of time? YOUR ANSWER CORRECT ANSWER
19. What is a component of the forward market? YOUR ANSWER CORRECT ANSWER Non-hedge rates Past rates Managed rates Spot rates Forward rates
20. Which example is considered a primary source that can be used to learn about foreign countries' cultures?
YOUR ANSWER CORRECT ANSWER
21. Which of the following should take place in an effort to successfully conduct business in China? YOUR ANSWER CORRECT ANSWER

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