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| _____ is buying products from overseas markets that are manufactured overseas. |
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| The purpose of the General Agreement on Tariffs and Trade (GATT) was to |
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| encourage worldwide trade |
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| In countries like China and India, the availability of cell phones |
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| has enabled these nations to greatly improve telecommunications without investment in conventional landlines. |
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| Product defects have forced the U.S. to recall a host of toy products from China. The popular Polly Pocket dolls were recalled because they posed what problem? |
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| Trading blocs are groups of countries |
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| that have reduced or eliminated tariffs allowing for a free flow of goods among member nations. |
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| The _____ influences the global economy by providing technical advice to the governments of developing countries for projects in a range of areas including infrastructure and education. |
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| The net result of all money that flows into and out of a nation due to international payments is measured by the nation’s |
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| Compared to the U.S., the nations of China and India have |
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| larger populations and more rapid economic growth. |
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| Cell phone penetration is skyrocketing in many developing nations. Which of the following developing nations decided to forgo the conventional phone service of landlines by moving directly to cell phone networks? |
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| A growing number of companies have begun outsourcing their customer service to foreign call centers. The primary reason is |
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