Briefly explain the impact of NAFTA.
What will be an ideal response?
Answer: Student answers will vary but should demonstrate knowledge of how NAFTA has affected its member countries. The North American Free Trade Agreement (NAFTA) combined the economies of the United States, Canada, and Mexico into the world's largest trading bloc with nearly 444 million U.S., Canadian, and Mexican consumers and total trade reaching $1.1 trillion. Although the United States has a long-standing agreement with Canada, Mexico quickly after NAFTA became the United States's third-largest trading partner. U.S. industries that have benefited include capital goods suppliers, manufacturers of consumer durables, grain producers and distributors, construction equipment manufacturers, the auto industry, and the financial industry, which gained privileged access into a previously protected market.
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________ auctions let would-be suppliers submit only one bid; they cannot know the other bids
A) Descending bid B) Sealed-bid C) English D) Dutch E) Reverse
One approach to using culture to understand international negotiation recognizes that all cultures contain dimensions or ________ called dialectics.
Fill in the blank(s) with the appropriate word(s).
In the case of Keeney v. Keeney, the court found:
a. a constructive trust is created by equity regardless of the intention of the parties to create a trust where legal title to property is obtained through fraud or undue influence rendering it unconscionable for the holder of legal title to retain the property. b. intention of the parties is the sole consideration in determining the existence of a trust. c. the existence of a confidential relationship prohibits the trustee from seeking any personal benefit. d. a totten trust is a tentative trust and the transfer of ownership becomes complete only upon the depositor's death.
Sales from a company's products and services are the only source of cash inflow
Indicate whether the statement is true or false.