In recent years, a number of countries with similar economic goals have formed transnational trade groups or signed trade agreements for the purpose of promoting free trade. Describe the three discussed in the textbook.
What will be an ideal response?
(1) The European Union (EU) 2013 consists of 28 countries with more than 500 million consumers. The EU has eliminated most barriers to the free flow of products, services, capital, and labor across its borders. In addition, 16 countries have adopted the euro, eliminating the need to continually monitor the currency exchange rate. (2) The North American Free Trade Agreement (NAFTA) lifted many trade barriers between Canada, Mexico, and the United States and created a marketplace with more than 450 million consumers. (3) In 2006, a comprehensive free trade agreement among Costa Rica, the Dominican Republic, El Salvador, Guatemala, Honduras, Nicaragua, and the U.S. extended many NAFTA benefits to Central American countries and the Dominican Republic. Called CAFTA-DR, this agreement is viewed as a step toward a 34-country Free Trade Area of the Americas for the Western Hemisphere.
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When you're writing an application letter to accompany your résumé,
A) use text-messaging jargon and emoticons to show that you're tech-savvy. B) remember that most employers won't bother to read it. C) use it as a free-form way to convey your career aspirations. D) treat it with same care that you took with your résumé. E) outline the job, benefits and salary range you are seeking.
Define consumerism and environmentalism
What will be an ideal response?
An employer-employee relationship exists when an employer gives an employee authority to act and enter into contracts on his or her behalf
Indicate whether the statement is true or false
Kohers Inc. is considering a leasing arrangement to finance some manufacturing tools that it needs for the next 3 years. The tools will be obsolete and worthless after 3 years. The firm will depreciate the cost of the tools on a straight-line basis over their 3-year life. It can borrow $5,400,000, the purchase price, at 9.6% and buy the tools, or it can make 3 equal end-of-year lease payments of $1,900,000 each and lease them. The loan obtained from the bank is a 3-year simple interest loan, with interest paid at the end of the year. The firm's tax rate is 40%. Annual maintenance costs associated with ownership are estimated at $240,000 payable at the end of the year, but this cost would be borne by the lessor if the equipment were leased. What is the net advantage to leasing (NAL), in
thousands? (Suggestion: Delete 3 zeros from dollars and work in thousands.) Do not round your intermediate calculations. A. $634 B. $793 C. $674 D. $872 E. $951