Chapter 2. Fundamentals of Economics in a Global Context
After studying this chapter, students should be able to:
▪ Understand the basic factors of every economy
▪ Recognize how price affects supply and demand
▪ Compare economic systems and evaluate entrepreneurial opportunities
▪ Identify barriers to conducting international business
▪ Leverage trading blocs and international trade agreements
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Safety Belt Manufacturer Finds Success in Exporting
Exports are among the few sectors of the U.S. economy having much success these days. More and more companies, especially small- and medium-sized ventures, are looking overseas to bolster their bottom line. Whether they're shipping consumer goods, industrial inputs, services, technology, or ...
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