International Business BUSMHR 2000 OSU Midterm 1 Exam Study Guide with Complete Solutions
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Course
BUSMHR
Institution
BUSMHR
International Business BUSMHR 2000
OSU Midterm 1 Exam Study Guide with
Complete Solutions
Declining trade barriers - Answer-better ability to sell overseas
Declining investment barriers for producers means... - Answer-better ability to
produce overseas
Enhanced communication technologies - An...
Globalization - Answer✔✔-Don't know how products are produced
Workers Arguments for
Globalization - Answer✔✔-Development of better skills
Workers Arguments against
Globalization - Answer✔✔-Loss of jobs due to competition
Political Systems- USA - Answer✔✔-Representative Democracy
Political Systems- France - Answer✔✔-Democratic Socialism
Political Systems-Zimbabwe - Answer✔✔-Tribal Totalitarianism
Political Systems- Italy in the 1930s - Answer✔✔-Right-Wing Totalitarianism
Political Systems-China - Answer✔✔-Communist Totalitarianism
Political Systems-Saudi Arabia - Answer✔✔-Theocratic Totalitarianism
Economic Systems-Largely determined by supply and demand - Answer✔✔-Market
based
Economic Systems-Dominated by large monopolistic firms - Answer✔✔-Command
Economic Systems-Government uses incentives/subsidies to get firms to do what it
wants - Answer✔✔-State directed
Economic Systems-Free market with government social welfare programs -
Answer✔✔-Mixed
2/8
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