Practice, Question 01 Domestically produced goods and services sold in other countries are called Practice, Question 05 Which of the following does not guarantee economic prosperity? goods. exports. international goods. 0 0 expat. Practice, Question 02 Nations trade in order to avoid domestic taxation. 0 because it increases employment opportunities and guarantees profits. only with smaller countries. to provide markets for products and access to needed resources. Practice, Question 03 Business decisions to operate abroad depend on which of the following basic factors of production in the other country? 0 capital 0 materials 0 availability of, price and quality of labour trade agreements 0 low wages 0 population size 0 lack of products development stage Practice, Question 06 The top five nations that Canada trades with are 0 Japan, Korea, United States, Ireland, and Russia. 0 Mexico, Russia, Spain, Germany, and Ireland. O O O O 0 United States, Japan, the Federal Republic of Germany, Russia, and China. United States, China, United Kingdom, European Union, and Japan.