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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
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
An analysis to help identify the areas requiring reform helps design a policy package tailored for a particular country, as opposed to a(n) '.....' approach.
all-for-one
once-and-for-all
one-at-a-time
one-size-fits-all
The ..... purpose of the International Trade Administration (ITA) is helping to create economic opportunity for American workers and businesses.
defining
definite
delimiting
determined
By promoting trade and investment we are promoting prosperity and a better world; to increase trade and investment, the ITA helps U.S. companies ..... foreign markets.
dominate
estimate
infiltrate
navigate
The World Bank has reported that the elimination of global trade barriers could ..... 300-500 million of the world's poor out of poverty over the next 15 years.
free
pry
put
lift
If one union manages to negotiate extra high pay increases for its members, perhaps due to market forces, all other unions will immediately demand - and fight hard for - the same increase, threatening to ..... the initial effect.
redo
remake
undo
unmake
Society General tells us that it has already put in place further controls in order to prevent a recurrence of this particular type of ......
breach
break
cleft
crack
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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