A college student is thinking about running an ice-cream truck over the summer. Which of the following would likely be a one-time expense of the business?

Globalization is defined as the process of countries becoming ________ open to foreign trade and ________ open to foreign investment

A) more; more B) more; less C) less; less D) less; more

If a country can produce cars with a lower opportunity cost than its trading partners, then it must have a:

A. Low market price for cars. B. Comparative advantage in cars. C. A trade deficit. D. A trade surplus.