Busmhr 2000 - Study guides, Class notes & Summaries

free trade → government does not attempt to restrict what citizens can buy from another country or what they can sell to another country tariffs → A tax on imports that effectively raises the cost of imported products relative to domestic products special tariffs → levied as a fixed charge for each unit of a good imported Ad Valorem Tariff → can increase government revenues, provide protection to domestic producers against foreign competitors by increasing the cost of import...

free trade → govt does not attempt to restrict what its citizens can buy from another country or sell to another country tariffs, subsidies, import quotas, voluntary export restraints, local content requirement, antidumping policies → 6 instruments of trade policy tariff → a tax levied on imports that effectively raises the cost of imported products relative to domestic products increases govt revenues, protects domestic producers from foreign competitors, pro-producer, anti-...

BUSMHR 2000 Exam 1 questions with correct answers Grossman and Krueger's study revealed the relationship between pollution levels and income. Which pollutant was the exception to their study? nitrous oxide sulfur dioxide lead carbon dioxide hydrogen When considering globalization, what is considered the single most important innovation since World War II? higher education transcontinental air transport the telephone the microprocessor cross-country railway systems Which of these...

BUSMHR 2000-Final exam Questions and Answers | 100% Pass free trade - Answer-government does not attempt to restrict what citizens can buy from another country or what they can sell to another country tariffs - Answer-A tax on imports that effectively raises the cost of imported products relative to domestic products special tariffs - Answer-levied as a fixed charge for each unit of a good imported Ad Valorem Tariff - Answer-can increase government revenues, provide protection to domesti...

Foreign Direct Investment → -:- involves direct ownership in productive assets where the MNC has control over its investment Flow → -:- amount of FDI over a period of time (one year) Stock → -:- total accumulated value of foreign owned assets Outflow → -:- amount of FDI from a country (cumulative, out of a country) Inflow → -:- amount of FDI entering a country C → -:- Which of the following is not a factor leading to growth of FDI? A. A fear of protectionism B. politi...

BUSMHR 2000 Exam 1 Questions and Answers | 100% Pass • Globalization - Answer-The trend toward increased cultural and economic connectedness between people, businesses, and organizations throughout the world. Global Institutions - Answer-(1) -Help manage, regulate, and police the global marketplace. -Promote the establishment of multinational treaties to govern the global business system. - General Agreement on Tariffs and Trade (GATT), World Trade Organization (WTO), International Mo...

Declining trade barriers → -:- better ability to sell overseas Declining investment barriers for producers means... → -:- better ability to produce overseas Enhanced communication technologies → -:- better ability to control overseas operations Enhanced transportation technologies → -:- lowered distance between countries Producers Arguments for Globalization → -:- more markets to sell in Producers Arguments against Globalization → -:- can go bankrupt due to competition...

Theories of International Trade and Investment National industrial policy → -:- A proactive economic development plan a government initiates to build or strengthen a particular industry. Mercantilism → -:- The belief that national prosperity is the result of a positive balance of trade, achieved by maximizing exports and minimizing imports. Internalization theory → -:- An explanation of the process by which firms acquire and retain one or more value-chain activities inside the ...