The establishment of rules by the World Trade Organization is an umbrella agreement called the:

A. OECD
B. NAFTA
C. GATT
D. ITO


Answer: C. GATT

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Tax incentives, subsidies, export assistance, and free trade zones are common support provided by governments to firms that engage in exporting

Indicate whether the statement is true or false

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A good example of a profit center would be

A) a car manufacturer's assembly line. B) a local Home Depot store. C) Avis Car Rental's national reservation center. D) a manufacturer's human resources department.

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In Mexico, labor negotiations and unions have traditionally been:

A. Controlled by the government as part of a larger economic development strategy B. Conducted independently at the workplace level C. Determined as part of tripartite peak-level negotiations between government, a labor federation, and an employer association D. Unilaterally determined by the employer

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Most likely, Jerome is

Jerome has three major credit cards and makes payments on them each month. He has had one of them for six years, another for three years, and the last for eleven months. Making just the minimum payment has become automatic at this point, and Jerome barely even looks at the statements. Jerome is beginning to think that his approach to credit may be faulty, and he wants to find out how to adjust it. He just applied for two additional credit cards. A) unaware of how much of his payments go toward interest. B) not getting the benefits of a grace period. C) obligating his future income. D) All of the above are correct.

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