Question 54 2 out of 2 points due to the numerous

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Question 54 2 out of 2 points Due to the numerous religions in the world, (e.g.such as Christianity, Islam, Buddhism, and Hinduism), nations find difficulty coming to agreements over theocratic laws.
Question 55 2 out of 2 points Individualists believe that they are an indispensable part of the group and will readily contribute without concern for being taken advantage of or whether or not others are doing their part.
Question 56 2 out of 2 points The U.S. Department of Commerce developed the International Trade Administration (ITA) in order to stimulate economic opportunities for U.S. businesses and their employees.
Question 57
2 out of 2 points In order to achieve an economic advantage, a nation should specialize, produce, and export only those products where the nation holds an (_________).
Question 58 2 out of 2 points Comparative Advantage Theory assumes that the (1) factors of production are immobile, (2) goods are mobile, and (3) technology is stable and ubiquitous.
Question 59 2 out of 2 points The trend of foreign companies making foreign direct investments in the U.S. is increasing.
Question 60 2 out of 2 points The balance of payments for a country is the sum of the (________) account and the (______) account.
Question 61 2 out of 2 points The WTO encourages trading under the guiding principle of trading fairly by treating other nations equally under the concept of (___________) status.
Question 62 2 out of 2 points The United Nations Conference on Trade and Development defines FDI as investments outside the investor’s home economy where the investor holds a 10 percent stake.
Question 63 2 out of 2 points Protectionism is the economic policy of applying tariffs on imported goods for government funding to reduce or eliminate the need for taxation on domestic industries.
Question 64 2 out of 2 points
In terms of recording the balance of payments, if a country has received money it should be recorded as a debit.
Question 65 2 out of 2 points An assumption of the Comparative Advantage Theory is that perfect knowledge does not exists in that merchants and customer do not know where the least-cost goods are located.

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