International business

1. A group of people who share a common set of values and norms form a: (7)
5. According to _____, the social responsibility of business is to increase profits, so long as the company stays within the rules of law. (3, 8, 8)
6. Under the _____, cases are judged with reference to three characteristics: tradition, precedent, and custom. (6, 3, 6)

2. A _____ has no barriers to trade between member countries, includes a common external trade policy, and allows factors of production to move freely between members. (6, 6)
3. The tenet of _____ is that the welfare of society is best served by letting people pursue their own economic self-interest. (13)
4. Identify the theory that supports the view that in some cases countries export for the reason that the world market can support only a limited number of firms. (3, 5, 6)
7. The theory of comparative advantage provides strong rationale for supporting the idea of _____. (4, 5)
8. Interdependent political, economic, and legal systems of a country make up its: (9, 7)
9. An act, as simple as shaking hands when meeting new people is an example of: (8, 8)

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