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INB 300 Chapter 8 Exam Questions and Answers 100% Pass

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INB 300 Chapter 8 Exam Questions and Answers 100% Pass

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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



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