Which of the Following Is True About the Importance of World

question 32

Multiple Choice

Which of the following is true about the importance of world trade?

• A) World trade has deeply affected domestic policymaking and has often resulted in the emergence of totally new threats to firms and individuals.
• B) The growth of domestic economies has typically outperformed global growth of trade in the past few decades.
• C) When firms invest on a global scale, it is difficult for entire industries to shift their locations.
• D) Due to the severe recession that affected much of the world's economy in 2008 and 2009, world trade could not rebound in 2010.

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Definitions:

Rules of Civil Procedure

The standardized procedures and methods prescribed by courts to handle civil cases.

Mediation

A method of settling disputes outside of court by using the services of a neutral third party, who acts as a communicating agent between the parties and assists them in negotiating a settlement. A method of dispute settlement that is less formal than arbitration.

ADR

Acronym for Alternative Dispute Resolution, which refers to methods like mediation and arbitration used to settle disputes without traditional litigation.

Negotiation

A process in which parties attempt to settle their dispute voluntarily, with or without attorneys to represent them.