The direct reason for the collapse of the original gold standard was:

Suppose Caterpillar is selling a backhoe in the United States for $10,000 and the same piece of equipment is sold in Mexico for 120,000 Pesos. The currency exchange rate is $1= 10 Pesos. Assuming that there is no change in the price of the backhoes in the U.S. or in Mexico, PPP predicts that exchange rates will reach parity and will be:

Which of the foreign entry approaches would be the MOST likely/appropriate for a manufacturing company with limited financial resources which wished to expand global operations as rapidly as possible?

In which type of legal system would you expect to find detailed regulations regarding consumer protection?

In principle, in a true _______, no discriminatory tariffs, quotas, subsidies, or administrative impediments are allowed to distort trade between member nations. Each country, however, is allowed to determine its own trade polices with regard to non-members.

Economies of scale have been an important force in global trade because:

Which of the following was a key reason for the collapse of the Bretton Woods System?

Which of the following best describes the results of NAFTA?

Which of the following would be most likely to happen in a country whose currency has appreciated in value relative to its trading partners?

Over the last few years, China has been accused of using monetary and trade policies with the primary purpose of maintaining a trade surplus. If true, China would be following which trade theory?