A Speech on Trade Alliances (Scenario)

question 126

Multiple Choice

A Speech on Trade Alliances (Scenario)
As manager of the international department for your company, you have been asked by the local Chamber of Commerce to deliver a speech on global trade. The presentation should include an overview of the world's major trade alliances and mechanisms that promote global trade. The Chamber president has also asked you to comment on a recent quote by a local politician, who stated: "NAFTA has been a bad deal for Canada and it continues to weaken our economy." As you review your notes, you wonder how you will fit all the information into the allotted half-hour presentation time!
-To help explain the main advantages of regional trade alliances,you will point out that EU member countries now have ________.

• A)government subsidies
• B)nationalistic policies
• C)protected industries
• D)a single market

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Definitions:

Disorder

A disruption to regular bodily structure and function, leading to disease or ailment.

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A form of energy transfer between two substances or systems due to a temperature difference.

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The capacity to do work or produce change, existing in various forms such as kinetic, thermal, electrical, chemical, nuclear, or solar.

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