Infant industries - Study guides, Class notes & Summaries

Base of the Pyramid Economies where people make less that $2,000 per capita per year BRIC Brazil, Russia, India, China Emerging Economies A term that has gradually replaced the term "developing countries" since the 1990s Emerging Markets A term that is often used interchangeably with "emerging economies" Expatriate manager A manager who works abroad Foreign Direct Investment Investment in, controlling and managing value-added activities in other count...

C211 GLOBAL ECONOMICS FOR MANAGERS (WGU ACTUAL EXAM) WITH VERIFIED SOLUTIONS Base of the pyramid (BOP) - CORRECT ANSWER-Economies where people make less than $2,000 per capita per year. BRICA - CORRECT ANSWER-Brazil, Russia, India, and China. Emerging economies - CORRECT ANSWER-term that has gradually replaced the term "developing countries" since the 1990s. Emerging markets - CORRECT ANSWER-A term that is often used interchangeably with "emerging economies." Expatriate manag...

Creation of isolationist policies - Which negative outcome on political systems comes from globalization? Reduced trade barriers - Which factor results in a higher rate of globalization? Culture, administration, geography, economy - What are the four factors in Ghemawat's CAGE analysis? Loss of manufacturing jobs - What is a major drawback to the home country when companies outsource manufacturing jobs to countries with lower worker wages? The globalization process is at a disadvantage a...

BUSI 3250 Exam 2 | Verified with 100% Correct Answers 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 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 activi...

Globalization The close integration of countries and peoples of the world. Purchasing Power Parity (PPP) A conversion that determines the equivalent amount of goods and services that different currencies can purchase. Scenario Planning A technique to prepare and plan for multiple scenarios (either high or low risk). Risk management The identification and assessment of risks and the preparation to minimize the impact of high-risk , unfortunate events. Gross Nationa...

*Certified High Graded Work* Unit 5 International Business: M2 - Analyse the barriers of operating internationally for two contrasting businesses. B3 Barriers to international business • The reasons for protectionism in international markets, e.g. to protect infant industries, to protect employment/local business. • Methods for protecting markets, e.g. tariffs, customs duties, currency restrictions, quotas, subsidies, legal restrictions. • Barriers to trade, e.g. trade restrictions, ...

International Economics Test Questions and Answers infant industry argument - Answer-The argument that new industries should be protected from foreign competition until they are large enough to achieve economies of scale that will allow them to be competitive. international reserves - Answer-Foreign currencies held by governments (central banks) as a result of international trade. Reserves may be held so that the government may maintain a desired exchange rate for the country's currencies....

Quotas correct answers the application of a quantitative restriction against goods or services from another region Currency Controls correct answers limit the availability of foreign currency for the purchase of foreign goods Voluntary Export Restraints correct answers Voluntary Export Restraints: one country agrees to limit its exports to a third country, usually because the importing country threatens to place barriers against the goods of the exporting country. Factor Endowment Th...

WGU D080 – Pre assessment Questions With Correct Answers!! Two countries agree to open their borders to international business transactions with one another without tariffs. How does this affect global business? - Answer It leads to developing free trade policies with strategic partners. A country uses its established technology infrastructure to produce a good. What is the impact of this infrastructure on trade? - Answer It will create barriers to entry for other nations. What was th...

Alf questions with correct answers 2024 demand the quantity that consumers are willing and able to purchase at various prices reinterpret demand shows buyers max "willingness to pay" for some quantity of output WTP - P* consumer surplus consumer surplus The difference between a buyer's willingness to pay and the price actually paid supply shows the quantity producers are willing and able to sell at various prices reinterpret supply shows sellers minim...