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Business Vocabulary
Trade
Victor K. Fung gives his point of view as a businessman on what is at stake and why WTO negotiators have an interest in finding common ......
a
ground
b
law
c
sense
d
wealth
With each new bilateral agreement, considerations relating to rules of origin multiply and become more complex in the ..... trade experts call 'the spaghetti bowl effect'.
illusion
paradox
phenomenon
spectre
Trade stimulates growth by directing resources into their most productive uses both within and ..... industries.
across
among
between
without
Some of the steps that ..... regulated economies need to take are easy and inexpensive; for example, it does not cost much to reduce excess procedures for registering a new business.
broadly
heavily
stridently
tautly
Being outside a union is a risky business, as unions control much of labour regulation; though any form of ..... against non-unionized employees is against the law, it can be hidden by employers acting together with unions.
derogation
discrimination
ostracization
segregation
Unionization rates in the service sector are significantly lower than in industry, at least among blue-collar workers; still, they ..... around 70 per cent, a figure that is high enough not to cause serious union worry.
hover
idle
sidle
quiver
Effective collective ..... arrangements exist in all sectors of the economy.
bargaining
contracting
dealing
striking
Banks will certainly start reviewing their internal controls to determine what they have set up to ..... events like the SocGen loss.
catch
field
pitch
strike
The Francona loss was also the result of an over-..... trader's effort at cleverness.
bearing
indulgent
righteous
zealous
Increased understanding by everyone who is involved of ..... operational processes is most important.
back-to-front
end-to-end
head-to-tail
right-to-left
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