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Questions and Answers
Which countries are commonly referred to as the BRIC countries?
Which countries are commonly referred to as the BRIC countries?
- Bangladesh, Rwanda, Iran, and Cambodia
- Brazil, Russia, India, and China (correct)
- Bahrain, Romania, Iceland, and Colombia
- Britain, Russia, Italy, and Canada
What is the purpose of trade liberalization?
What is the purpose of trade liberalization?
- To allow countries to specialize in producing goods they have a comparative advantage in (correct)
- To increase tariffs and barriers to trade
- To promote economic self-sufficiency
- To restrict international trade and protect domestic industries
Which organization was established in 1986 to oversee global trade agreements?
Which organization was established in 1986 to oversee global trade agreements?
- GATT
- ASEAN
- WTO (correct)
- EU
What is outsourcing?
What is outsourcing?
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What is securitization?
What is securitization?
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