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  • ________ integration is the political and economic agreements among countries that give preference to member countries to the agreement. #191
  • The process whereby countries in a geographic area cooperate with one another to reduce or eliminate barriers to the international flow of products, people, or capital is called ________. #192
  • Country A and Country B make an agreement to cooperate more closely and implement tariff reductions. Which of the following best describes this agreement? #193
  • The European Union is an example of ________ integration. #194
  • Global integration occurs as countries from all over the world decide to cooperate through the ________. #195
  • Which of the following statements most accurately describes the relationship between trading groups and MNEs? #196
  • Baldani Manufacturing, an Italian firm, plans to expand into Asia. In order to take advantage of regional trading groups, Baldani will most likely need to change its ________. #197
  • Which of the following has NOT been a major force increasing globalization in recent decades? #198
  • The ________ clause embodied the fundamental principle of GATT–trade without discrimination. #199
  • The ________ requires that any preferential treatment granted to one country must be extended to all countries. #200
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