What is the Big Mac Index? 0 A way to compare the quality of Big Macs around the world 0 A quick way to measure the purchasing power of a currency between nations 0 The database of important figures who supported McDonald's 0 Travis Scott's new buger If you have 100 GBP and the exchange rate to CAD is 1.5, then your 100 GBP is worth: One reason for establishing trade barriers is O A reduction in foreign product prices 0 The protection of domestic industries 0 The improvement of foreign relations 0 An increase in local regulations What is the major benefit for the Canada-US-Mexico Agreement? (Formerly NAFTA) C) It removes tariffs between nations, allowing for cheaper imports and exports C) It imposes stronger tariffs to promote domestic production 0 Nothing, it is political only 0 None of the above Industries that create a finished, usable product or intermediate good are? C) primaryindustries 0 domestic industries 0 tertiaryindustries O secondary industries Branch plants are overseas factories owned and operated by domestic companies and established to avoid tariffs; such as Toyota manufacturing cars in Cambridge. How does international business help Canadians? 0 Variety of products 0 New markets, more jobs 0 New processes and technologies 0 All of the Above COVlD-19 has increased trade between nations What is an exchange rate? 0 How much of one currency is required to purchase another 0 The taxes on imports and exports 0 How often countries trade with each other C) interdependence