Refer to the Scenario Below to Answer the Following Questions

question 78

Multiple Choice

Refer to the scenario below to answer the following questions.
A Speech on Trade Alliances (Scenario)
As manager of the international department for your company, you have been asked by the local Chamber of Commerce to deliver a speech on global trade. The presentation should include an overview of the world's major trade alliances and mechanisms that promote global trade. The Chamber president has also asked you to comment on a recent quote by a local politician, who stated: "NAFTA has been a bad deal for Canada and it continues to weaken our economy." As you review your notes, you wonder how you will fit all the information into the allotted half-hour presentation time!
-In response to the politician's comments about NAFTA, you will point out that many economists would __________.

• A) agree because only the United States has achieved a stronger economy through NAFTA
• B) agree because only Mexico has achieved a stronger economy through NAFTA
• C) agree because both the United States and Mexico have achieved stronger economies through NAFTA, while Canada has not
• D) disagree because Canada, the United States, and Mexico have all achieved stronger economies through NAFTA
• E) disagree because Canada and Mexico have both achieved stronger economies through NAFTA, while the United States has not

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Definitions:

Statement of Intentions

A document that outlines the intentions or objectives of an individual or entity, often related to future plans or actions.

Strategic Planning

The process of defining an organization's strategy or direction and making decisions on allocating its resources to pursue this strategy.

Intermediate Planning

The process of setting goals and outlining strategies for a middle-range time frame, typically covering 1 to 3 years.

Long-Term Planning

The process of setting goals and outlining strategies for future activities over an extended period, typically beyond five years.