Alice, the global marketing director of a multinational electronics manufacturing firm, is assigned the task of expanding her firm in growing new markets. She learns that the labor is expensive and that the technical equipment required for production is unavailable in the international market. In this case, which of the following is most likely affecting the global trade of Alice's firm?
A) Lack of innovative ideas
B) Economic dependence in the international market
C) Limited access to factors of production
D) Absence of plentiful capital
Question 2
An international organization formed at the end of World War II by the United States and twenty-two other countries whose goal was to reduce or eliminate tariffs and other barriers to world trade is called the
A) Trade Expansion Act.
B) Kennedy Round.
C) GATT.
D) Tokyo Round.
E) Common Market.
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