Heckscher ohlin theory - Study guides, Class notes & Summaries

Chapter 4: Resources and Trade: The Heckscher-Ohlin Model 1. In the 2-factor, 2 good Heckscher-Ohlin model, an influx of workers from across the border would A. move the point of production along the production possibility curve. B. shift the production possibility curve outward, and increase the production of both goods. C. shift the production possibility curve outward and decrease the production of the labor-intensive product. D. shift the production possibility curve outward and decr...

What are the benefits of trade? - Accurate Answer1- A greater amount of choice in the availability of goods and services 2 - Lower prices for goods and services consumed 3 - Higher living standards What are the benefits of foreign investment? - Accurate Answer- Generates jobs - creates unity by erasing borders - brings cultural and technical riches - enhances the skills of domestic workers What are the major international trade theories and what are key features of each one? - A...

ethics - correct answer the principles of right and wrong that guide an individual in making decisions ethical strategy - correct answer a course of action that does not violate a company's business ethics Friedman Doctrine - correct answer the only social responsibility of business is to increase profits, so long as the company stays within the rules of law Culturual Relativism - correct answer belief that cultures should be judged by their own standards Utilitarian Approach - correct ans...

What are the characteristics of globalization? - Communication, transportation, transnational businesses, free trade agreements, consumer culture, labor force. How do major international institutions facilitate globalization? - International monetary funds: provides financial stability. World bank: reconstruction and restructuring economies as an opportunity to reach global solutions to national challenges. World trade organization: focuses on lowering/removing trade barriers to encourage ...

C211 - Global Economics for Managers Final Exam - All Reading Questions and Answers 100% Pass Base of the pyramid (BOP) - Correct Answer ️️ -Economies where people make less than $2,000 per capita per year. BRICA - Correct Answer ️️ -Brazil, Russia, India, and China. Emerging economies - Correct Answer ️️ -term that has gradually replaced the term "developing countries" since the 1990s. Emerging markets - Correct Answer ️️ -A term that is often used interchangeably with ...

What is Free Trade? - ANSWER-the movement of goods and services among nations without political or economic barriers. Refers to a situation where a government does not attempt to restrict what its citizens can buy from another country or what they can sell to another country Free Trade=no government intervention What are the benefits of Trade? - ANSWER-International trade allows a country to specialize in the manufacture and export of products that can be produced most efficiently in th...

WGU C211 Global Business (Latest 2023 - 2024) With Complete Answers 100% Correct 1. What are the benefits of trade? Answer: 1- A greater amount ofchoice in the availability of goods and services 2 - Lower prices for goods and services consumed 3 - Higher living standards 2. What are the benefits of foreign investment? Answer: - Generates jobs - creates unity by erasing borders - brings cultural and technical riches - enhances the skills of domestic workers 3. What are the major in...

Test Bank - International Economics: Theory and Policy, Global Edition 12th Edition by Paul Krugman, Maurice Obstfeld & Marc Melitz - Complete, Elaborated and Latest Test Bank. ALL Chapters (1-22) Included and Updated #InternationalEconomics #TradeTheory #ComparativeAdvantage #TradePolicy #ExchangeRates #Macroeconomics #Globalization #InternationalTrade #DevelopingCountries #MonetaryPolicy #FinancialCrisis #Euro #Growth #Reform Chapter: 1. Introduction PART 1: INTERNAT...

C211 GLOBAL ECONOMICS FOR MANAGERS (WGU ACTUAL EXAM) WITH VERIFIED SOLUTIONS Base of the pyramid (BOP) - CORRECT ANSWER-Economies where people make less than $2,000 per capita per year. BRICA - CORRECT ANSWER-Brazil, Russia, India, and China. Emerging economies - CORRECT ANSWER-term that has gradually replaced the term "developing countries" since the 1990s. Emerging markets - CORRECT ANSWER-A term that is often used interchangeably with "emerging economies." Expatriate manag...

Mercantilism - ️️1st theory of international trade- an economic policy under which nations sought to increase their wealth and power by obtaining large amounts of gold and silver and by maximizing exports and minimizing imports Economic Motives - ️️the motivation to increase return through higher revenues or lower costs through international raw materials, natural resources, a cheap labor supply for manufacturing goods Global Institutions - ️️(1) -Help manage, regulate, and pol...