Opposition to NAFTA Has Centered on Issues Relating To

question 51

Multiple Choice

Opposition to NAFTA has centered on issues relating to:

• A) illegal migration to Mexico.
• B) gains for Canada.
• C) immobility of factors of production.
• D) labor and environment.

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Definitions:

International Environment

The global context in which businesses operate, encompassing economic, political, social, and cultural dimensions.

Importing

The act of bringing goods or services into a country from abroad for sale.

Exporting

Is the process of making a product in the firm’s domestic marketplace and then selling it in another country. Exporting can involve both goods and services.

International Business Strategy

A plan of action that companies adopt to enter and compete in the global marketplace.