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A pricing policy in which one selling price is established for all international markets is called ________.

The ________ represents a country’s national accounting system that records all payments to entities in other countries and all receipts coming into the nation.

________ are imitation products passed off as legitimate trademarks, patents, or copyrighted works.

Barter is ________.

Inflation ________.

The market in which currencies are bought and sold and their prices determined is called the ________.

One of Betty’s employees, Dan, oversees the hot dog joint’s decor. He designs all menu cards in shades of red and gold because those are considered lucky colors in China. He also uses his knowledge of Feng Shui when designing the building’s interior. The cultural component Dan is involved in is ________.  

________ is the dynamic force transforming our societies and commercial activities and causing increased competition for all firms.

The practice of insuring against potential losses that result from adverse changes in exchange rates is called currency ________.

The only Western Hemisphere nation that will not be part of the Free Trade Area of the Americas (FTAA) is ________.