Which of the following best explains why international business has grown rapidly in the past few decades?
A) the end of the political division between the Communist and non-Communist blocs
B) greater income equality in most countries
C) growing concern about climate change
D) increased concerns about terrorism
Question 2
Which of the following has MOST influenced consumers to demand access to foreign-made products?
A) Declining global affluence has caused consumers to seek out lower-priced products from abroad.
B) Consumers have become more efficient in using media and technologies to compare prices worldwide.
C) Fearing that their governments will enact restrictive policies on imports, consumers are stocking up on foreign products before restrictions are put in place.
D) Expectations of rising prices of foreign products have caused consumers to seek foreign products before their prices become prohibitive.
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