The lowering of trade and investment barriers protects domestic industries from foreign competition was not an agenda of the Uruguay Round allows firms to base production at optimal locations outside their home country creates an unfavorable environment for FDI caused the Great depression of the 1930s 0 5 points

QUESTION 2

  1. Standards Motor Products of Queens, New York, maintains a cadre of unskilled workers because:

    Overseas labor is too expensive

    Robotics and other machinery are more expensive than domestic labor

    The company is concerned about their intellectual property

    Quality in offshore production is significantly inferior

0.5 points

QUESTION 3

  1. There is a negative relationship between physical distance and trade but a positive one if the trading countries utilize the same currency

    True

    False

0.5 points