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January 24, 2012 12:00 PM
January 24, 2012 12:15 PM
￼ Total score adjusted by 0.0 ￼ Maximum possible score: 15
One of the trade advantages of a regional arrangement such as the European Union (EU) is that:
The EU is part of the World Trade Organization (WTO).
The EU countries have less access to other countries within the EU.
The EU countries can only trade with other members of the EU.
The EU countries have more access to other countries within the EU.
A multinational enterprise (MNE) can be defined as:
A small and medium sized enterprise.
A company that only has transnational operations.
A company that serves a unified world market.
A firm that carries out activities in more than one country at a time.
What is globalization?
The world-wide expansion of international finance and money.
The increasing interconnection of the world at an economic, political and social level
The increasing similarity of cultural styles throughout the globe.
The increasing political and economic integration of the world.
Barriers to market entry in international business have largely been reduced as a result of:
The increased regulation of international business.
The modern trend towards deregulation (or liberalization).
The modern trend towards domestic regulation of business.
The increased costs of government and international regulation.
The advantage for Japan of trading with Australia is that: