Elise travels across Thailand with her friends and, to her surprise, finds the country quite unlike the United States.  “I hate the food,” she tells her family at home. “I hate the language, I hate the weird customs and awful music.  America is clearly the best place to be.”  This is an example of _______.

On his first day in office, President Donald Trump took the United States out of the Trans Pacific Partnership (TPP), a proposed free trade deal with 11 other countries in the Asia-Pacific region, representing nearly 40% of global GDP. If the TPP had come into existence, the countries in the TPP would NOT be in violation of the most-favored nation (MFN) principle in the World Trade Organization (WTO) by giving each other preferential trade access. Why? A. There is an exception to MFN regarding the Generalized System of Preferences. Because Vietnam, a developing country, was one of the 12 members of the TPP, that exception applies to the whole partnership. B. Because the United States has the largest economy in the world, it gets to decide when MFN applies and when it doesn’t. C. There is an exception to MFN regarding regional trade agreements (RTA), and because all the proposed members inhabit the Asia-Pacific region, the TPP would have been an RTA, and therefore, members could give…

Country A has a natural climate that is perfect for growing strawberries - long sunny seasons and plenty of rich, well drained soil. Country A also has a big labor force with agriculture knowledge and can produce 80,000 baskets of strawberries in one growing season.   By contrast, Country B’s climate is less well-appointed for strawberries - a shorter summer season with large areas of red clay. They also have a smaller population trained in agriculture. Country B can only produce 30,0000 baskets of strawberries in one growing season.   In this scenario and with this information, Country A has Group of answer choices Absolute advantage for producing strawberries Comparative advantage for producing strawberries The lowest synthetic advantage for producing strawberries Elastic advantage for producing strawberries

You're the CEO of a small company traveling to another country (assume a country of your choice) to complete a business deal with a foreign company.  Your plane landed there on time, you're feeling fine, and everything seems to be going well.  The cab driver, who doesn't speak much English, understood where you needed to go and started driving.  He starts to listen to a Justin Bieber song and asks you in broken English what type of music you like.  As your cab enters the hotel, you notice a McDonald's restaurant across the street with familiar golden arches.  You check-in with your credit card, call your spouse from your iPhone and exchange some dollars at the money exchange place at the lobby of the hotel.  You then get some take-out food from the McDonald's since you'll get plenty of opportunities to dine in local restaurants later on. When returning to your hotel room, you wonder why the instructor at the culture training class asked you to be careful about cultural differences when…