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Citizens of some countries have limited access to goods and services due to international trade restrictions imposed by its government. Which main factor of the international business environment is this information about these countries classified?
exports more than it imports.
World Trade Organization
Comparative
favorable when a country receives more money into it than it pays out.
Political and legal concerns
They measure trade relations between countries.
Licensing
Geography
If a country on the average exports goods valued at 27.5 billion and imports other goods valued at 23.1 billion, this country has a favorable balance of trade because it:
exports more than it imports.
World Trade Organization
Comparative
favorable when a country receives more money into it than it pays out.
Political and legal concerns
They measure trade relations between countries.
Licensing
Geography
Italy is able to provide various natural resources from the Mediterranean due to its oceanfront. Which main factor of the international business environment is this information about Italy classified?
exports more than it imports.
World Trade Organization
Comparative
favorable when a country receives more money into it than it pays out.
Political and legal concerns
They measure trade relations between countries.
Licensing
Geography
How are balance of trade and balance of payments alike?
exports more than it imports.
World Trade Organization
Comparative
favorable when a country receives more money into it than it pays out.
Political and legal concerns
They measure trade relations between countries.
Licensing
Geography
An organization assisted two countries on settling a trade disagreement on the amount of bananas to be traded. This action is an example of assistance provided by which international trade organization?
exports more than it imports.
World Trade Organization
Comparative
favorable when a country receives more money into it than it pays out.
Political and legal concerns
They measure trade relations between countries.
Licensing
Geography
A European team has the right to use on its merchandise an American company’s emblem. This is an example of which global marketplace main entry mode?
exports more than it imports.
World Trade Organization
Comparative
favorable when a country receives more money into it than it pays out.
Political and legal concerns
They measure trade relations between countries.
Licensing
Geography
Which statement is true about balance of payment?
exports more than it imports.
World Trade Organization
Comparative
favorable when a country receives more money into it than it pays out.
Political and legal concerns
They measure trade relations between countries.
Licensing
Geography
United States has become globally known for its production of wheat more resourcefully. It can produce the product with less human resources. This is an example of what type of ADVANTAGE?
exports more than it imports.
World Trade Organization
Comparative
favorable when a country receives more money into it than it pays out.
Political and legal concerns
They measure trade relations between countries.
Licensing
Geography
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