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Correct Answer: B) Federal government.
Correct Answer: D) A reduction in Brazil's deficit on the current account of its balance of payments.
Correct Answer: C) Vietnam.
Correct Answer: C) Comparative advantage.
Correct Answer: D) It encourages producers to produce goods where they have a comparative advantage.
Correct Answer: A) Comparative Advantage.
Correct Answer: A) 0%.
Correct Answer: A) GATT.
Correct Answer: C) To promote economic integration and cooperation among European countries.
Correct Answer: D) When a country's imports exceed its exports.
Correct Answer: D) World Trade Organization.
Correct Answer: B) False.
Correct Answer: D) Size of economy in terms of population and total production.
Correct Answer: D) Quota.
Correct Answer: C) Opportunity costs.
Correct Answer: B) Three.
Correct Answer: C) A group of countries that reduce trade barriers to create freer trade.
Correct Answer: B) Less than half of total production; more than half of total production.
Correct Answer: A) Job displacement in certain industries.
Correct Answer: A) USMCA.
Correct Answer: A) Marco Polo.
Correct Answer: C) China.
Correct Answer: B) Trade barriers.
Correct Answer: A) FALSE.
Correct Answer: B) Prohibiting monopolies.