INB 300 Chapter 8 Exam Questions
and Answers 100% Pass
North American Free Trade Agreement (NAFTA) is a free trade agreement (FTA)
among Canada, Mexico, and the United States. - ANSWER-True
Regional economic integration - ANSWER-Efforts to reduce trade and investment
barriers within one region.
Global economic integration - ANSWER-Efforts to reduce trade and investment
barriers around the globe.
General Agreement on Tariffs and Trade (GATT) - ANSWER-A multilateral
agreement governing the international trade of goods (merchandise).
World Trade Organization (WTO) - ANSWER-The official title of the multilateral
trading system and the organization underpinning this system since 1995.
Lumberne is a continent comprising 18 countries. Currently, Lumberne is a free
trade area and an economic union including all 18 countries as members of free
trade. Although each country is politically independent, governments of at least 12
countries are negotiating to form a common government. If Lumberne comes to
be led by a single government, it would be a _____ - ANSWER-Political Union
COPYRIGHT 2025 ALL RIGHTS RESERVED, TRUSTED AND VERIFIED 1
and Answers 100% Pass
North American Free Trade Agreement (NAFTA) is a free trade agreement (FTA)
among Canada, Mexico, and the United States. - ANSWER-True
Regional economic integration - ANSWER-Efforts to reduce trade and investment
barriers within one region.
Global economic integration - ANSWER-Efforts to reduce trade and investment
barriers around the globe.
General Agreement on Tariffs and Trade (GATT) - ANSWER-A multilateral
agreement governing the international trade of goods (merchandise).
World Trade Organization (WTO) - ANSWER-The official title of the multilateral
trading system and the organization underpinning this system since 1995.
Lumberne is a continent comprising 18 countries. Currently, Lumberne is a free
trade area and an economic union including all 18 countries as members of free
trade. Although each country is politically independent, governments of at least 12
countries are negotiating to form a common government. If Lumberne comes to
be led by a single government, it would be a _____ - ANSWER-Political Union
COPYRIGHT 2025 ALL RIGHTS RESERVED, TRUSTED AND VERIFIED 1
