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Supporters of free trade argue that tougher environmental regulations and stricter labor standards __________ economic progress.

A. Diminish
B. Have no impact on
C. Are incompatible with
D. Go hand in hand with

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What is the primary purpose of the World Trade Organization?Set tariffs for countries that signed the GATT agreements

A. Monitor the implementation of trade agreements such as NAFTA
B. Arbitrate trade disputes
C. Act as a "watchdog" for countries that lower their pollution standards in an effort to attract more foreign manufacturing activity
D. Set tariffs for countries that signed the GATT agreements

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The global economy is moving towards a world in which national economies are merging into an interdependent global economic system, commonly referred to as globalization.

A. TRUE
B. FALSE

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Because of the global presence of widely accepted products like Citicorp credit cards, Coca-Cola, and McDonalds, national markets are all but disappearing.

A. TRUE
B. FALSE

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The most global markets are the markets for consumer products.

A. TRUE
B. FALSE

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Supporters of free trade argue that tougher environmental regulations and stricter labor standards __________ economic progress.

A. Diminish B. Have no impact on C. Are incompatible with D. Go hand in hand with

What is the primary purpose of the World Trade Organization?Set tariffs for countries that signed the GATT agreements

The global economy is moving towards a world in which national economies are merging into an interdependent global economic system, commonly referred to as globalization.

Because of the global presence of widely accepted products like Citicorp credit cards, Coca-Cola, and McDonalds, national markets are all but disappearing.

The most global markets are the markets for consumer products.

A. Diminish
B. Have no impact on
C. Are incompatible with
D. Go hand in hand with