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Trade and an unfavorable balance of payment

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Reference no: EM132073735

1. Can a nation have favorable balances of trade and an unfavorable balance of payment? Why or why not?

2. Identify several potential barriers to communication when a company attempts to conduct business in another country. How might these be overcome?

3. Identify and describe briefly the three dimensions of the legal environment for global business.

4. What are the major nontariff restrictions affecting international business? Describe the difference between tariff and nontariff restrictions?

5. How has EU helped trade among European business?

Reference no: EM132073735

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