Tentamen (uitwerkingen)

IBUS 310 || Already Graded A+.

0 keer verkocht

Vak
IBUS 310 |

Instelling
IBUS 310 |

7 institutions in the EU correct answers European Council Council of the EU Court of Justice of the EU European Commission European Parliament Council of Europe super-democracy correct answers the people decide everything globalization correct answers the process by which markets are int...

[Meer zien]

Voorbeeld 3 van de 18 pagina's

Bekijk voorbeeld

Geupload op 28 oktober 2024
Aantal pagina's 18
Geschreven in 2024/2025
Type Tentamen (uitwerkingen)
Bevat Vragen en antwoorden

7 institutions in the eu

Instelling IBUS 310 |
Vak IBUS 310 |

Volgen

FullyFocus

Lid sinds 2 jaar 549 documenten verkocht

€13,24

In winkelwagen

Op verlanglijstje

100% tevredenheidsgarantie
Direct beschikbaar na je betaling
Lees online óf als PDF
Geen vaste maandelijkse kosten

IBUS 310 || Already Graded A+.
7 institutions in the EU correct answers European Council
Council of the EU
Court of Justice of the EU
European Commission
European Parliament
Council of Europe

super-democracy correct answers the people decide everything

globalization correct answers the process by which markets are integrated worldwide

mercantilism correct answers countries should encourage exports and discourage imports

zero-sum trade correct answers a gain for one country is a loss for another

positive-sum trade correct answers all countries can mutually benefit from a trade agreement

theory of absolute advantage correct answers countries should specialize in the production of
goods which they produce MOST efficiently and buy the goods which they produce less
efficiently from other countries

free trade correct answers where the government does not attempt to influence trade

Hecksher-Olin Trade theory correct answers emphasizes relationship between proportions in
which factors of production are available internationally and the proportions which they are
needed to produce goods

Ricardo's Trade Theory correct answers explored what would happen if one country had absolute
advantage in producing all goods

Product Lifecycle Theory correct answers new products are created and exported from the
country where they were developed, become more popular, and are produced in other countries,
and then ultimately the product is exported back to the innovating country

New Trade Theory correct answers countries specialize in production and export of specific
products because the world market can only support a limited number of firms ; firms that enter
the market first build an advantage that is hard to challenge

Production Possibility Frontier correct answers All combinations of goods that a country can
produce with its given resources

Division of Labor correct answers the degree to which individuals specialize in certain tasks

9 factors to determine a country's comparative advantage correct answers climate

,natural resources
skills
cheap labor
technology
education
govt. promotion of industry
entrepreneurship
business environment

How does free trade improve economic performance? correct answers It promotes competition
which promotes innovation

Relationship between productivity and standard of living correct answers Higher productivity
leads to higher standard of living

CAGE Framework correct answers Cultural, Administrative, Geographic, Economic dimensions
of a country

egalitarianism correct answers social intolerances for abuses of market and political power

Ways to measure distance besides physical distance correct answers time zones, weather,
topography, within country distance to borders

economic distance correct answers differences that affect cross-border economic activity

domestic margins correct answers the cost of domestic transportation, wholesaling, and retailing

5 applications of CAGE framework correct answers 1) making differences visible
2) understanding the liability of foreignness
3) assessing natural owners and comparing foreign competitors
4) comparing markets
5) discounting by distance

distributional dilemma correct answers no trade policy benefits everyone; each rewards some
groups and harms others

values dilemma correct answers economic changes that enable a nation to secure the benefits of
trade may imply a compromise of other societal values

state goals dilemma correct answers revolves around the tension between trade and the goal of
the state to provide security, independence, and peace

coffee crisis correct answers 2001-2005 when the price of coffee fell below the cost of
production

3 intents of fair trade correct answers 1) move producers to financial security and self-sufficiency

, 2) empower producers to be stakeholders in their organizations
3) play a bigger role in the global arena to gain greater equity in international trade

demand shaping correct answers using promotions to convince customers that they want
something other than what they originally called for because you have run out parts and need to
sell something else from the same product family

Dell Theory of Conflict Prevention correct answers no 2 countries that are part of the same major
global supply chain will ever go to war against each other

silicon shield correct answers computer products are uniting the US with Asian countries for a
common product and are preventing war amongst each other

Global Arches Theory correct answers when a country has a big enough middle class to support
a McDonald's, they have reached a standard of living where they are more concerned about
staying in the global supply chain than fighting against those in it

Silicon Valley Effect correct answers unlikelihood of stimulating creative work that spins off
new businesses because a company doesn't attract young talent due to lack of competitiveness
through offshoring

American competitiveness correct answers the capacity of americans to add value to the world
economy and gain a higher standard of living

7 main instruments of trade policy correct answers 1) tariffs
2) subsidies
3) import quotas
4) voluntary export restraints
5) local content requirements
6) administrative policies
7) antidumping duties

tariff correct answers tax on imports

subsidy correct answers government payment to a domestic producer

specific tariff correct answers fixed charge per unit of imported good

ad valorem tariff correct answers a proportion of the value of an imported good

import quota correct answers restriction on the quantity of a good that may be imported into a
country

voluntary export restraint correct answers quota on trade imposed from the exporting country's
side inside of the importing country's

Dit zijn jouw voordelen als je samenvattingen koopt bij Stuvia:

Bewezen kwaliteit door reviews

Studenten hebben al meer dan 850.000 samenvattingen beoordeeld. Zo weet jij zeker dat je de beste keuze maakt!

In een paar klikken geregeld

Geen gedoe — betaal gewoon eenmalig met iDeal, creditcard of je Stuvia-tegoed en je bent klaar. Geen abonnement nodig.

Direct to-the-point

Studenten maken samenvattingen voor studenten. Dat betekent: actuele inhoud waar jij écht wat aan hebt. Geen overbodige details!

Veelgestelde vragen

Wat krijg ik als ik dit document koop?

Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.

Tevredenheidsgarantie: hoe werkt dat?

Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.

Van wie koop ik deze samenvatting?

Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper FullyFocus. Stuvia faciliteert de betaling aan de verkoper.

Zit ik meteen vast aan een abonnement?

Nee, je koopt alleen deze samenvatting voor €13,24. Je zit daarna nergens aan vast.

Is Stuvia te vertrouwen?

4,6 sterren op Google & Trustpilot (+1000 reviews)

Afgelopen 30 dagen zijn er 68175 samenvattingen verkocht

Opgericht in 2010, al 15 jaar dé plek om samenvattingen te kopen

Begin nu gratis

Tentamen (uitwerkingen)

IBUS 310 || Already Graded A+.

Document informatie

Onderwerpen

Geschreven voor

Verkoper

Ontvangen beoordelingen

Voorbeeld van de inhoud