Trade Agreements and their Impact on Importers and Exporters

Question 1

What is Competitive Advantage of Firms ?
- It answers the question of how…
- Refers to the … of a country that has a … in global competition.
- Derived from (2 things).

Answer 1

1. It answers the question of how nations can achieve and sustain economic success and prosperity.
2. Refers to the superior features of a country that has a unique benefit in global competition.
3. Derived from natural resources or national policies.

Question 2

Why do Governments Intervene ?
(4).
- To g.r.
- To ensure citizen s, s, and w.
- To purse eco, po, and soc. obj.
- To serve c. and