Busmhr 2000 final exam Study guides, Class notes & Summaries
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BUSMHR 2000 Final Exam Review
- Exam (elaborations) • 14 pages • 2024
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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, protects domestic producers from foreign competitors, pro-produ...
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BUSMHR 2000 Final Exam Review Questions And Answers Graded A+
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benefit domestic producers by limiting competition from abroad, increases prices for 
consumers - ️️results of VER 
local content requirement - ️️demands that some fraction of the product be 
produced domestically 
help domestic producers compete against low cost foreign imports and gain export 
markets, consumers absorb the costs - ️️results of subsidies 
tariffs, subsidies, import quotas, voluntary export restraints, local content requirement, 
antidumping policies - ️️6 instru...
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Bellner BUSMHR 2000 Final Exam 2
- Exam (elaborations) • 10 pages • 2024
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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 by which firms acquire and retain one or more value-chain activiti...
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BUSMHR 2000 Final Exam Review Questions and Correct Answers | Latest Update
- Exam (elaborations) • 17 pages • 2024
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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-Final exam
- Exam (elaborations) • 14 pages • 2024
- Available in package deal
-
- $13.99
- + learn more
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 domestic producers against foreign competitors by increasing th...
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BUSMHR 2000-Final exam Questions and Correct Answers | Latest Update
- Exam (elaborations) • 17 pages • 2024
-
- $10.49
- + learn more
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...
-
Bellner BUSMHR 2000 Exam 2 (Final) Questions and Correct Answers | Latest Update
- Exam (elaborations) • 11 pages • 2024
-
- $10.49
- + learn more
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 ...
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