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Correct Answer: C) Both are correct.
Correct Answer: B) Protectionist policies by trading groups.
Correct Answer: C) If the exporter purchases insurance.
Correct Answer: B) Competition.
Correct Answer: B) People get foreign exchange.
Correct Answer: D) To preserve politician identity.
Correct Answer: C) Differences in climate and weather.
Correct Answer: A) Bill of exchange.
Correct Answer: B) Facilitating the expansion of business to another level.
Correct Answer: A) EXIM Policy.
Correct Answer: D) International trade allows countries to specialize in the production of goods and services in which they have a comparative advantage, leading to increased economic growth, job creation, and poverty reduction.
Correct Answer: C) A government allows open access to all markets in its country.
Correct Answer: D) Comparative advantage.
Correct Answer: A) Current account.
Correct Answer: D) Innovation and managing risk.
Correct Answer: B) Merchandise trade balance.
Correct Answer: B) Comparative advantage.
Correct Answer: A) Religious law.
Correct Answer: C) Increasing the recruitment of members from abroad.
Correct Answer: B) Importing.
Correct Answer: C) Comparative advantage.
Correct Answer: B) False.
Correct Answer: D) Infant industry argument.
Correct Answer: D) To facilitate communication between importers/exporters and Mexican authorities.
Correct Answer: C) Foreign aid.