Trading Blocs and Customs Unions Have Resulted in All of the Following

question 16

Multiple Choice

Trading blocs and customs unions have resulted in all of the following circumstances except ________________.

• A) a concentration of trade within regions rather than globally
• B) the retention of flexibility over which sectors of industry to liberalize and which issues to negotiate
• C) the removal of trade barriers between member countries
• D) a shift from regional to global trade agreements

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Definitions:

Cultural Dimensions

Conceptual frameworks that describe the impact of a society’s culture on the values of its members, and how these values relate to behavior.

Collectivism Group

A societal or organizational culture that emphasizes the priority of group goals over individual goals and values interdependence among its members.

GLOBE Model

A framework used in cross-cultural psychology and management to understand the impact of culture on various aspects of leadership and organizational behavior.

Cultural Dimensions

Frameworks for understanding the varying psychological, social, and cultural factors that influence different societies and organizations.