The Process of Countries Becoming More Open to Foreign Trade

question 21

Multiple Choice

The process of countries becoming more open to foreign trade and investment is known as

• A)autarky.
• B)foreign exchange.
• C)globalization.
• D)protectionism.

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Definitions:

Net Operating Income

A company's income after operating expenses have been deducted, but before interest and taxes.

Market Price Per Share

The current price at which a single share of a company's stock is bought or sold on the market.

Return on Equity

A measure of financial performance calculated by dividing net income by shareholder's equity, indicating how effectively management is using a company’s assets to create profits.

Gross Margin

The difference between sales revenue and the cost of goods sold, representing the profit made before accounting for operating expenses.