SINESS ETHICS SECTION B; ANSWER ANY TWO QUESTIONS QUESTION ONE a Discuss two benefits of the worldwide trend toward regional economic integration. b. State and explain the five levels of economic integration QUESTION TWO a. Explain the significance of international trade to countries. b. Contrast the theory of mercantilism with the theory of free trade. Why is free trade preferred by most modern nations? QUESTION THREE a. Explain the three major nongovernmental participants in international business. b. State and explain the three key types of focal firms, and explain how their value chain enables international business. QUESTION FOUR a. Explain how the political and legal systems of a host country can both harm and benefit a foreign firm. b. State and explain the two elements which contribute to country risk. Provide examples of countries with high and low country risk, and explain the reasons for three two distinctions. tham and B. False ivers of corporate social responsibility t Tunin