____ occurs when a firm exports goods or services to consumers in another country.
A. International trade
B. Foreign direct investment
C. Inward investment
D. Outsourcing
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Which of the following is true regarding the WTO?
A. WTO stands for World Transition Organization
B. The WTO was succeeded by GATT
C. As of 2015, the WTO has 160 members
D. The WTO is policed by the United Nations
Which of the following is focused on making low-interest loans to cash-strapped governments in poor nations that wish to undertake significant infrastructure investments?
A. The WTO
B. The GATT
C. The World Bank
D. The IMF
Which of the following was established to maintain order in the international monetary system?
A. The WTO
B. The GATT
C. The World Bank
D. The IMF
Which of the following is included in world merchandise trade?
A. Service industry
B. Agricultural labor
C. Foreign services
D. Mining products