Author: Study Clue

A firm shifts only its final assembly abroad to label the product “made locally” and avoid import duties; this strategy

If a smartphone is designed in one country, assembled in another, and sold worldwide, this best illustrates A Global value

When a local firm sells the same product to many countries using one brand strategy, it mainly shows A Global

When countries depend on each other for goods, jobs, and markets, this situation is called A Economic isolation B Local

Globalization mainly refers to which broad change in the world economy A Countries becoming isolated B Barter trade returning C

A country’s export prices rise but import prices rise even faster, so its ability to buy imports from exports falls;

A country imports edible oil despite local production because it is cheaper abroad; this situation mainly shows trade improves A

A country sells textiles abroad to earn foreign currency and expand demand; this sale is treated as A Domestic retail

A country purchases crude oil from another nation mainly because it needs A Local transport permits B Foreign raw materials

Foreign trade means exchange of goods and services between A Same city markets B Same state markets C Different countries