The trading bloc NAFTA is located in _____.
a. Asia
b. Europe
c. South America
d. North America
Question 2
Which of the following is true about the importance of world trade?
a. World trade has deeply affected domestic policymaking and has often resulted in the emergence of totally new threats to firms and individuals.
b. The growth of domestic economies has typically outperformed global growth of trade in the past few decades.
c. When firms invest on a global scale, it is difficult for entire industries to shift their locations.
d. Due to the severe recession that affected much of the world's economy in 2008 and 2009, world trade could not rebound in 2010.
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