The combined EU market is far larger than the NAFTA market in terms of GDP and population.
Indicate whether the statement is true or false
Question 2
Requiring a firm with international operations to follow the standards of its home country instead of those of the foreign country has all of the following advantages EXCEPT
A) it takes care of the fear of a race-to-the-bottom by making it impossible for a home-based company to exploit low standards.
B) it shifts the costs of improved standards to firms and consumers in high-income countries.
C) it avoids the problems of high-income countries dictating what standards are to be used. In this situation, firms that cross national boundaries must conform to whichever standards are higher.
D) it is a comprehensive measure, since it addresses the problem of production in foreign firms as well as firms from high-standards countries that relocate abroad.
Population Patterns
Population Indicators
The Great Spike in World Population Growth
Population of California poppy plants
Stock Market Tracks Growth in GDP
Markets and Institutions Market Story Problem