Which of the following, if true, would most strongly support the claim that national prosperity is increased by participation in international business?
A) Countries that participate in international trade have higher GDP per capita than non-participating countries.
B) Individuals in advanced economies tend to set purchasing trends for consumers worldwide.
C) For most countries, levels of international trade have increased significantly in recent decades.
D) National literacy levels are strongly correlated with a country's degree of political freedom.
A
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When establishing an understanding with the entity regarding the terms of the engagement, all of the following should be discussed, except:
A) The engagement letter. B) The internal audit function. C) The audit committee. D) The agreed upon limits on auditor liability for an improper audit.
A drawback of exporting is that tariff barriers can make it uneconomical as a mode of entry into a foreign market
Indicate whether the statement is true or false.