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Business Vocabulary
Trade
Multilateral trade agreements serve the interests of today's global production system in a way that the alternative - a ..... system of bilateral agreements - does not.
a
factional
b
fractional
c
fragmentary
d
fragmented
Information technology and logistics help dissect the value-added process into ..... parts, with factories, locations and countries assigned for each stage according to their competitive advantage.
complementary
component
composite
connective
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
The success of openness depends on whether firms can adjust quickly to the new conditions ..... by international competition.
imposed
impressed
influenced
informed
Doing well in the areas of public infrastructure, governance and ease of firm entry clearly correlates with stronger trade-related growth, suggesting that countries may need to simultaneously ..... reform in several areas in order to benefit from trade openness.
underlay
underpin
undertake
underwrite
The U.S. Commercial Service is the trade promotion arm of the U.S. Department of Commerce's ITA; its Web-based services are provided through the U.S. government's export ....., www.export.gov.
portal
portion
position
post
Unfair foreign pricing and government subsidies distort the free flow of goods and ..... affect American business in the global marketplace.
adversely
conversely
inversely
perversely
Even the temporary work business is unionized and covered by a ..... collective agreement.
comprehensible
comprehensive
exhaustive
inexhaustible
Possibly, the staff were attempting to manage their assignents beyond their capacity, like a freighter loaded so heavily that it sinks below its ..... line.
Maersk
Maginot
Perfusion
Plimsoll
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