Free international trade maximizes world output through
A) countries specializing in production of goods they are best suited for.
B) reduction in taxes.
C) increased factor income.
D) encouraging competition.
Correct Answer:
Verified
Q1: Which organisations strain on the liberalisation of
Q3: International business does not result in the
Q4: By having business in different countries, a
Q5: Which of the following is an advantage
Q6: The country that attracts the largest FDI
Q7: Firm that operates internationally is able to
A)earn
Q8: Trade Related Investment Measures (TRIMS) doesn't apply
Q9: General Agreement on Trade in Services will
Q10: As a part of WTO guidelines, Agreement
Q11: Quantitative restrictions refer to limit set by
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