Management Notes

Reference Notes for Management

Differences in environmental standards or other government regulations among nations

Differences in environmental standards or other government regulations among nations

Differences in environmental standards or other government regulations among nations

 Options:

a. have no impact on patterns of international trade
b. have tended to make U.S. steel companies more competitive internationally
c. can affect production costs and thus alter comparative advantages and trade patterns
d. have been eliminated by the nations participating in NAFTA

The Correct Answer Is:

c. can affect production costs and thus alter comparative advantages and trade patterns

Read more