Busmhr 2000 - Study guides, Class notes & Summaries

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 - Answer-better ability to control overseas operations Enhanced transportation technologies - Answer-lowered distance between countries Producers Arguments for Globalization - Answer-more markets to s...

Bellner BUSMHR 2000 Exam 2 (Final) Questions and Answers | 100% Pass CH 5 - Answer-Theories of International Trade and Investment National industrial policy - Answer-A proactive economic development plan a government initiates to build or strengthen a particular industry. Mercantilism - Answer-The belief that national prosperity is the result of a positive balance of trade, achieved by maximizing exports and minimizing imports. Internalization theory - Answer-An explanation of the process...

Globalization → -:- The shift toward a more integrated and interdependent world economy. Globalization of markets → -:- The merging of historically distinct and separate national markets into one huge global marketplace. Globalization of production → -:- The sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production. Factors of production → -:- Labor, energy, land, and capital. Gene...

BUSMHR 2000 Final Exam Review Study Guide with Complete Solutions free trade - Answer-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 - Answer-6 instruments of trade policy tariff - Answer-a tax levied on imports that effectively raises the cost of imported products relative to domestic products increases govt revenues...

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 th...

BUSMHR 2000 Exam 1 Study Guide with Complete Solutions Globalization - Answer-The shift toward a more integrated and interdependent world economy. Globalization of markets - Answer-The merging of historically distinct and separate national markets into one huge global marketplace. Globalization of production - Answer-The sourcing of goods and services from locations around the globe to take advantage of national differences in the cost and quality of factors of production. Factors of pr...

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-produ...

BUSMHR 2000 Exam 2 Study Guide with Complete Solutions Foreign Direct Investment - Answer-involves direct ownership in productive assets where the MNC has control over its investment Flow - Answer-amount of FDI over a period of time (one year) Stock - Answer-total accumulated value of foreign owned assets Outflow - Answer-amount of FDI from a country (cumulative, out of a country) Inflow - Answer-amount of FDI entering a country C - Answer-Which of the following is not a factor leading t...

BUSMHR 2000 Chapter 4 Terms in this set (39) As the guiding principle of Islam, the ______ actually promotes free enterprise and supports earning legitimate profits through commercial efforts. Koran /Buddhism/ has all the same basic beliefs as Hinduism except for which two of the following? * advocacy in extreme ascetic behavior. * support for the caste system. ______ join the political entity of a state to the cultural entity of a nation. Nation-states The most rigid form of ...