Refer to the Scenario Below to Answer the Following Questions

question 31

Multiple Choice

Refer to the scenario below to answer the following questions.
International Entrepreneurs (Scenario)
Jennifer and James have formed an entrepreneurial venture to develop software for banks and other financial institutions. Their company is growing, but in looking for opportunities in the future, they decide to explore international operations.
-By establishing their company's operations in Canada, Jennifer and James hoped that an existing regional trade agreement would help them to avoid tariffs in __________.

• A) Japan and Germany
• B) Europe
• C) South America
• D) Mexico and the United States
• E) Southeast Asia

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Definitions:

Wage Rate

The amount of money paid to an employee per unit of time, such as an hour or a month.

Welfare Payments

Financial assistance provided by the government to individuals or families in need, aimed at ensuring a minimum level of well-being.

Welfare System

A governmental system that provides financial aid and services to individuals and families in need.

Dependency

A relationship in which one entity relies on another for support or sustenance.