1. Propagated in the 16th centuries _______advocated that countries should simultaneously encourage exports and discourage imports.
a. capitalism
b.mercantillism
c.collectivism
d. ethnocentrism
2. How does the lowering of barriers to international trade help firms.
a. it drives up costs because they assemble their products in different countries
b.it allows them to view the world as their market
c. it puts a break on globalization of both markets and products
d. it protects them from international competition
3. What is the purpose of the IMF?
a. to promote respect for human rights
b. to maintain order in the international monetary system
c. to usurp sovereignty of poor nations and create infrastructure development.