BUSI 3250 Exam 2 Questions | 100% Correct
Answers | Verified | Latest 2024 Version
Nationalization is also called - Expropriation
the taking of private property by a government to make it public - Nationalization
US Government took over ownership of what company during crisis of ? - GM
the sel...
BUSI 3250 Exam 2 Questions | 100% Correct
Answers | Verified | Latest 2024 Version
Nationalization is also called - ✔✔Expropriation
the taking of private property by a government to make it public - ✔✔Nationalization
US Government took over ownership of what company during crisis of 2008-2009? - ✔✔GM
the selling of government owned property to the private sector to gain more efficiency in business
operations, to raise money or to change in political climate/philosophy - ✔✔Privatization (why
governments sell businesses)
Protect the economic activities of citizens. Unfair competition is minimized through - ✔✔national laws,
negotiations between governments, efforts of institutions like World Bank
unlawful acts of violence committed for a wide variety of reasons - ✔✔terrorism
What provides a source of operating funds for terrorists? - ✔✔Kidnapping
hijacking and kidnapping on the seas - ✔✔Piracy
any illegal Internet-mediated activity that takes place in electronic networks - ✔✔Cybercrime
North Korea tries to hack Pfizer for COVID data is an example of? - ✔✔Cybercrime
What are four areas of increasing concern to governments? - ✔✔protection from terrorism, piracy,
kidnapping, cybercrime and other threats
, Country Risk Assessment - ✔✔An assessment of a country's economic situation and politics to
determine how much risk to employees, property, and investment exists for the firm doing business
there
6 reasons for restricting trade - ✔✔Provide for National Defense, Impose Sanctions, Protect an Infant or
Dying Industry, Protect Domestic Jobs, Ensure Fair Competition, Retaliate
While trade is promoted - in 1982 ag tariffs averaged _______% - in comparison manufactured good
tariffs=____% - ✔✔62%; 4%
Reasons to restrict trade to provide for national defense - ✔✔-Certain industries need protection from
imports because they are vital to security
-economists say this is a weak argument
Reasons to restrict trade to impose sanctions - ✔✔-Inflict economic damage, punish, or encourage
change of behavior
-Seldom achieve their goal
-Produce collateral economic damage
Reasons to restrict trade to Protect an Infant or Dying Industry - ✔✔-Give infant industries a chance to
grow and build comparative advantage
-Without this, lower-cost imports will underprice in local marke
-Slow down impact of dying industry—move capital into other sectors
US first pass a law against foreign goods dumping in 1916. No law against US companies dumping abroad
though - ✔✔Example of retailation
Dumping is defined in 3 ways - ✔✔- selling a product abroad for less than cost of production
- selling product abroad for less than price in home market
- selling product abroad for less than price to third-party countries
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