PLEASE ANSWER ALL AND NO EXPLANATIONS NEEDED. IT IS VERY URGENT PLEASE 47. ___________________________ is an economic integration whereby countries remove barriers to trade and the movement of labor and capital among members, set a common trade policy against nonmembers, and coordinate their economic policies.

A.Economic transition

B.Economic system

C.Economic development

D.Economic union

48. The two main framework used to compare cultures are the kluckhohn-strodtbeck framework and the _____________________________. These frameworks help firms understand many aspects of a culture, including risk taking, innovation, job mobility, team cooperation, pay levels, and hiring practices.

A.Hybrid testing framework

B.Modular testing framework

C.Hofstede framework

D.Linear scripting framework

50. Company that provides services to indirect exporters in addition to activities related directly to clients exporting activities. This statement refer to ______________________________.

A.Export trading company (ETC)

B.Export management company (EMC)

C.Dumping

D.Direct exporting

52. Foreign trade zone is _____________________________.

A.Market in which currencies are bought and sold and their prices determined.

B.Exchange rate at which two parties agree to exchange currencies on a specified future date.

C.Contract that requires the exchange of an agreed-on amount of a currency on an agreed-on date at a specified exchange rate.

D.Designated geographic region through which merchandise is allowed to pass with lower custom duties (taxes) and fewer customs procedures.

53. Franchising is_____________________________.

A.Contract that requires the exchange of an agreed-on amount of a currency on an agreed-on date at a specified exchange rate.

B.Exchange rate at which two parties agree to exchange currencies on a specified future date.

C.Strategy in which a company focuses on serving the needs of a narrowly defines market segment by being the low-cost leader, by differentiating its product, or both.

D.Practice by which one company supplies another with intangible property and other assistance over an extended period.