For Developing Countries

question 35

Multiple Choice

For developing countries:

• A) it is best if they avoid trade until ready to compete globally.
• B) encouraging imports only tends to be more successful than encouraging exports.
• C) encouraging exports only tends to be more successful than encouraging imports.
• D) trade can be a major source of development.

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Definitions:

Loblaws

A Canadian supermarket chain, offering grocery products, pharmaceutics, banking, and clothing, among other things.

Shoppers Drug Mart

A Canadian retail pharmacy chain offering a wide range of health, beauty, and convenience products and services.

Horizontal Merger

A horizontal merger is a business consolidation that occurs between firms that operate in the same industry, often leading to synergies and an expanded market presence.

Transition Team

A group of people tasked with managing and overseeing the process of change from one state or phase to another within an organization.