Some countries like Japan and China practice neo-mercantilism by minimizing _______

Some countries like Japan and China practice neo-mercantilism by minimizing ________.

a. exports
b. consumption
c. trade surpluses
d. production of goods
e. industrialization

NAFTA and the EU are both examples of a ________.

a. trade organization
b. trade bloc
c. mercantilism bloc
d. intergovernmental organization
e. international trade organization

Which of the following is true regarding NAFTA?

a. It is a highly developed and integrated bloc.
b. It aims at a single market and European federation.
c. It cuts tariffs between members.
d. It has free flow of labor and capital.
e. It has a complex governing body.

Which of the following is an effect of globalization, according to leftists?

a. erosion of state sovereignty
b. exploitation of workers in industrialized countries
c. exploitation of workers in developing countries
d. improvement of environmental conditions
e. improved working conditions for workers

The World Trade Organization was preceded by the ________ and both have worked to ________.

a. International Monetary Fund; increase tariffs and encourage free trade
b. General Agreement on Tariffs and Trade; decrease tariffs to encourage free trade
c. General Agreement on Tariffs and Trade; increase tariffs and encourage free trade
d. International Monetary Fund; decrease quotas and discourage free trade
e. World Bank; fix exchange rates and increase tariffs

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Some countries like Japan and China practice neo-mercantilism by minimizing ________.

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