BUSMHR 2000 Final Exam Review Questions And Answers Graded A+
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Module
BUSMHR 2000
Institution
BUSMHR 2000
benefit domestic producers by limiting competition from abroad, increases prices for
consumers - ️️results of VER
local content requirement - ️️demands that some fraction of the product be
produced domestically
help domestic producers compete against low cost foreign imports and gain ex...
voluntary export restraints (VER) - ✔️✔️impose limits to exports from one country
antidumping policies - ✔️✔️designed to punish foreign firms that engage in dumping
dumping - ✔️✔️selling goods in a foreign market below their cost of production or
below their "fair" market value
protects domestic producers - ✔️✔️results of antidumping policies
protect jobs and industries, protect industries important for national security, retaliation
to stop unfair practices, protect consumers from unsafe products, advance foreign
policy objectives, protect human rights - ✔️✔️why do govts intervene in int'l trade?
POLITICAL ARGUMENTS
infant industry, strategic trade policy - ✔️✔️why do govts intervene in int'l trade?
ECONOMIC ARGUMENTS
infant industry - ✔️✔️an industry should be protected until it can develop and be viable
and competitive internationally
foreign direct investment - ✔️✔️when a firm invests directly in new facilities to produce
or market in foreign countries
greenfield investment - ✔️✔️establishment of a wholly owned new operation in a
foreign country
acquisition/merging - ✔️✔️acquisition of/merging w a firm in a foreign country
firms fear protectionist policies, shift towards democratic policies and free markets,
globalization - ✔️✔️3 reasons why FDI is growing so rapidly
limitations of exporting, limitations of licensing - ✔️✔️why do we see FDI? (2 reasons)
transportation costs are high, trade barriers are high - ✔️✔️FDI favored over exporting
when...
firm wants control over technological know-how, firm wants control over operations and
business strategy, firms capabilities not amenable to licensing - ✔️✔️FDI favored over
licensing when...
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