Exam (elaborations)
Human Body
Exam of 2 pages for the course Week 8, Early Modernism_ Arts_Craft, Nouveau, Futu at Week 8, Early Modernism_ Arts_Craft, Nouveau, Futu (Human Body)
[Show more]
Seller
Follow
Content preview
D080 Unit 2 TestWhich effect does a command economy have on the process of globalization? -
ANS-The government is less flexible, so the globalization process is challenged.
A company is conducting a legal risk analysis for a country that has a civil law system.
Which statement accurately characterizes this legal system? - ANS-It is based on a
detailed set of laws that form a code.
Which fact should a company opening its operations in the U.S. state of Louisiana note?
- ANS-The state has a mixed law system.
Which core principle of the World Trade Organization supports equality among member
nations and helps fight discrimination among them? - ANS-Most-favored-nation (MFN)
status
What is true regarding free trade? - ANS-Free trade leads to specialization of each
country and increases production efficiency.
Countries A and B participate in trade agreements that allow free trade among
participant countries. However, Country A imposed quotas on several imported products
to protect its domestic products.
What is the effect, if any, on the domestic prices of these products? - ANS-Increases
How do governments help companies offset the cost of manufacturing domestically? -
ANS-Subsidies
What would a mercantilist value the most? - ANS-A trade surplus
A multinational corporation has manufacturing facilities in many Asian countries due to
cheaper labor. Which strategy is the corporation using? - ANS-Acquisition of resources
A firm in Country A exports products to Country B. The currency in Country B is strong
relative to the currency in Country A. What does this mean for the firm? - ANS-More
valuable export sales
How is global business positively affected by intercultural exchange? - ANS-It increases
worldwide connections that support commodity trading.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller modockochieng06. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £6.27. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77764 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy revision notes and other study material for 14 years now