The Foreign Trade Agreement (FTA) are trade agreements that include preferential tariffs for

products that are produced in the countries that meet country of origin rules.  Among these
FTAs is the NAFTA.  What does NAFTA stand for?  North America Free Trade Association

Which theory asserts that the direction of intra-industry trade is determined largely by the
differences in relative factor endowments, while production differentiation and relative market
size determine the volume and composition of international trade? Theory of imperfect
competition

Which theory/theorem states that countries will specialize and trade in goods which are
relatively abundant in their territory? Heckscher–Ohlin-Samuelson(HOS) theorem

High-performing Asian economies (HPAEs) refer to the following countries, except Philippines

There has been a shift in the commodity composition of international trade where exports
moved from light manufacturing to heavy manufacturing.  Among the light products are textile,
paper, and wood, while heavy products consist of telecommunications equipment. Which of the
following statements holds?  Both statements are true.

Increased productivity from manufactured exports is a key issue in international trade. How is
this increased productivity achieved? By utilizing the best practices of world technology

Which of the following best characterizes Stage 5 of the product cycle theory?  Reduction of
protection by the government

Which of the following are gains from international trade? Consumption and production gains

What could be the reason for the increase in share of intra-Asian trade in the total Asian trade?
There has been a rapid growth of regional cooperation arrangements that have facilitated trade.