Examlex
Which form of entering a foreign market requires the greatest commitment?
Mercosur
A South American trade bloc established to promote free trade and fluid movement of goods, people, and currency among its member countries.
Trans-Pacific Partnership
A trade agreement among multiple Pacific Rim countries aimed at deepening economic ties, reducing tariffs, and fostering trade to boost growth.
Infant Industry Argument
A protective economic theory suggesting that emerging domestic industries should be shielded from foreign competition until they become competitive.
Tariff
A tax imposed by a government on imported goods to protect domestic industries or raise revenue.
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