Question 1: Some people do not see international trade favourably: here a person protests against the WTO in ________. | |||
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Question 2: Dual-currency cash machines in ________: as international trade increases, the need to handle multiple currencies is becoming more powerful. | |||
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Question 3: International trade is exchange of capital, goods, and services across ________ or territories. | |||
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Question 4: It predicts that countries will ________ those goods that make intensive use of locally abundant factors and will import goods that make intensive use of factors that are locally scarce. | |||
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Question 5: The Ricardian model focuses on ________ and is perhaps the most important concept in international trade theory. | |||
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Question 6: The model mimics the Newtonian ________ which also considers distance and physical size between two objects. | |||
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Question 7: [1] It refers to exports of goods and services by a firm to a foreign-based buyer (importer)[2]In most countries, it represents a significant share of ________ (GDP). | |||
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Question 8: While international trade has been present throughout much of history (see ________, Amber Road), its economic, social, and political importance has been on the rise in recent centuries. | |||
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Question 9: In one example of this framework, the economy exhibits ________ and increasing returns to scale. | |||
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Question 10: For centuries under the belief in ________ most nations had high tariffs and many restrictions on international trade. | |||
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