One advantage of engaging in business globally is the businesses have entirely new markets in which to sell their products.
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Q7: Importing is buying products from another country.
Q8: Comparative advantage theory states that some countries
Q9: A trade deficit occurs when the value
Q10: Global trade only includes the trade of
Q11: Comparative advantage theory states that a country
Q13: Exporting is buying products from another country.
Q14: One disadvantage of global business is that
Q15: Global business is the study of how
Q16: The balance of trade is a nation's
Q17: Many Middle Eastern countries have a comparative
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