Since the End of World War II

question 20

Multiple Choice

Since the end of World War II,

• A)tariffs around the world fell substantially.
• B)agricultural subsidies were significantly reduced.
• C)most nations began to apply tariffs uniformly across all industries.
• D)tariffs increased in low-income countries and fell a small percentage in high-income countries.

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Definitions:

Global Strategy

A comprehensive plan developed by businesses or organizations to operate and compete on an international scale.

Coordination

The organization of different elements or activities in a systematic way to ensure efficient operation and achieve desired outcomes.

Comparative Advantage

An economic theory suggesting that countries or entities gain and benefit from trading if they specialize in producing goods for which they have a lower opportunity cost.

Corporate Codes

Rules, guidelines, and standards adopted by companies to govern behavior and ensure ethical practice and compliance within the organization.