Factor endowments - Study guides, Class notes & Summaries

Globalization correct answers a term that has two meanings (1) the increase in international exchange, including trade in goods and services as well as exchange of money, ideas, and information (2) the growing similarity of laws, rules, norms, values, and ideas across countries *The source of national advantage; that is, why an industry in a given country is more (or less) successful than the some industry in another country *The sources of national advantage; that is, why an industry in a g...

International Business - Chapter 5 Latest 2024 Rated A+ Free trade A situation where a government does not attempt to influence through quotas or duties what it's citizens can buy from another country or what they can produce and sell to another country. Mercantilism Suggests that it is in a country's best interest to maintain a trade surplus. Trade surplus To export more than imports. Zero-sum game One in which a gain by one country results in a loss by another. Absolute a...

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 valuechain activities inside the firm, minimizing the disadvantages of dealing with external ...

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...

view that claims phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through MNE's - Answer-new view that claims globalization is a long-run historical evolution since the dawn of humanity. Says it is nothing new and that it will always exist - Answer-evolutionary view that claims globalization is swinging from one extreme to another from time to time - Answerpendulum investment in, controlling, and managing value-added activities in o...

3 Main means of creating value - ️️Cash, Stocks, Bond A series of cash flows where the same cash flow occurs every period - ️️Annuity An index fund would be an example of a... - ️️passive mutual fund Can the Cash Conversion Cycle be negetive? - ️️Yes Debt maturity is a ____ factor in determining a bond rating - ️️qualitative Differentiate finance vs accounting. - ️️Accounting is focused on what has happened and provides a current picture (accrual accounting), Finance...

WGU; C200; Global Economics; Chapter 5. Exam Questions and answers, 100% Accurate. VERIFIED. Strategic trade theory advocates mercantilist policy for all industries. - -False The product life cycle theory is popularly known as the "diamond" theory. - -False The theory of national competitive advantage of industries does not take domestic demand conditions into account. - -False Factor endowments is one of the four interacting aspects of the theory of national competitive advantage ...

Econ 101 Umich Exam 2 Caldwell Questions & Answers 2023/2024 comparative advantage - ANSWER-when one producer can produce a good at a lower opportunity cost than another producer -reason for specialization absolute advantage - ANSWER-when one producer can produce more of a good than another producer in a certain period of time Production Possibility Frontier - ANSWER-represents the possible combinations of goods that an economy can produce in a certain period of time specilaizatio...

Econ 101 Umich Exam 2 Caldwell Questions & Answers 2023/2024 comparative advantage - ANSWER-when one producer can produce a good at a lower opportunity cost than another producer -reason for specialization absolute advantage - ANSWER-when one producer can produce more of a good than another producer in a certain period of time Production Possibility Frontier - ANSWER-represents the possible combinations of goods that an economy can produce in a certain period of time specilaizatio...

Globalization correct answers a term that has two meanings (1) the increase in international exchange, including trade in goods and services as well as exchange of money, ideas, and information (2) the growing similarity of laws, rules, norms, values, and ideas across countries *The source of national advantage; that is, why an industry in a given country is more (or less) successful than the some industry in another country *The sources of national advantage; that is, why an industry in a g...