All of the Following Are Factors Mitigating Against Global Trade

question 146

Multiple Choice

All of the following are factors mitigating against global trade liberalization EXCEPT

• A) regional trading arrangements may limit trade liberalization with outsiders.
• B) a small nation might do better entering into a pact with a larger nation rather than competing globally.
• C) trading bloc members may not realize economies of scale through global liberalization.
• D) trading bloc members prefer competing globally rather than locally.

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Definitions:

Membership Card

A card issued to a member of an organization, club, or group, which often grants specific benefits or access.

Gym Access

The availability or permission to use fitness facilities and equipment.

Tomato Sauce

A cooked sauce made primarily from tomatoes, often seasoned with herbs, onions, and garlic, used as a base for many dishes in various cuisines.

Mozzarella Cheese

A soft, white cheese originating from Italy, traditionally made from buffalo's milk and widely used in dishes like pizza and lasagna.