Imports and exports - Study guides, Class notes & Summaries

Econ 104, Goffe, PSU 2024 Exam Graded A+ | Verified & Updated GDP -Answer-the market value of all FINAL goods and services produced in a country during a period of time. GDP equation -Answer-GDP(Y)=C (consumption) + I (investments) +G (gov purchases) +NX (net exports) Consumption -Answer-expenditures made by households (excluding the purchase of a new house) Investment -Answer-Final goods and services purchased by business firms (equipment for production and new buildings), changes in i...

WGU D080 Managing in a Global Business Environment A company is considering establishing a subsidiary in a new host country and wishes to prepare its expatriates to adapt to the local environment. How should this company prepare its expatriates? Negotiation Operational training Repatriation Cultural Training Cultural training What happens to consumer surplus when tariffs and quotas are discontinued? They increase Which type of tariff is put in place to specifically ensure tha...

ECN 211 EXAM 2 ASU QUESTIONS WITH CORRECT ANSWERS GDP is CORRECT ANSWER value of all final goods and services produced within a country in a given period of time. Y = C + I + G + NX CORRECT ANSWER Y = economy's total expenditure C = consumption in economy I = imports in economy G = government spending NX = net exports

GDP is - value of all final goods and services produced within a country in a given period of time. Y = C + I + G + NX - Y = economy's total expenditure C = consumption in economy I = imports in economy G = government spending NX = net exports Net exports equal - exports minus imports CPI is used to - monitor changes in the cost of living over time Inflation rate - percentage change in the price level from the previous period Indexation refers to - using a law or contract to automatica...

Which of the following is NOT a likely reason to study international business? A) Global events affect almost all companies. B) Differences among countries in physical, social, and competitive conditions may cause companies to alter their operating methods from country to country. C) Business conducted outside the confines of any one country is inexplicably on the decline. D) Firms may be better able to obtain better or less expensive resources by operating internationally. C ) In term...

Test Bank For International Business 3rd Edition by Michael Geringer, Jeanne McNett. Isbn:9781264067527. 9781265992682. International Business, 3e test bank. Geringer 3e test bank for International Business. TOC-=module 1 The Challenging Context of International Business What Is International Business and What Is Different about It? The Influence of External and Internal Environmental Forces The Domestic Environment The Foreign Environment The International Environment Is Internationaliza...

20.1 Trade Surpluses and Deficits 1) A country has a trade surplus when A) its exports exceed its imports. B) its exports equal its imports. C) its government spending exceeds its tax revenues. D) its exports are less than its imports. Answer: A Diff: 1 Topic: Trade Surpluses and Deficits Skill: Definition Learning Outcome: Micro-8 2) A country's trade is balanced when A) its imports exceeds its exports. B) its government expenditures are equal to its tax revenues. C) its net exports equal...

Test Bank for Cohn Global Political Economy Theory and Practice 7th EditionChapter 1 Introduction Multiple Choice 1) Theorists who define globalization primarily as an economic phenomenon with little effect on the primacy of states are a) moderate globalists. b) hyperglobalists. c) internationalists. d) liberal economists. Answer: c; Page 7 2) Theorists who emphasize the fact that international relations is a “self- help” system are most often a) historical materialists. b) liberals. c...

Marketing Test 2 Study Guide Question and answers 100% correct World Trade - correct answer -flow of goods and services between countries -the world do not participate equally in world trade. World trade flows reflect interdependencies among industries, countries, and regions. -China will replace the United States as the biggest country measured by trade. -Asia will overtake Western Europe as the largest region measured by trade. Imports - correct answer goods purchased from an...

Which nation made the greatest commitment to establish permanent settlements in its colonization strategy? Spain England Portugal France correct answers England Which of the following phrases does not accurately describe a feature of the European economy during the Renaissance period? technological advances in navigation the rise of nation-states increased security of persons and property declining population correct answers declining population Suppose 10 workers...