Ntb 3080 - Study guides, Class notes & Summaries

Mercantilism, as advocated in the 16th and 17th centuries, believed that countries should simultaneously encourage both imports and exports. ~~> False Largely discredited and primitive, mercantilism still influences the trade policies of many countries today. ~~> True Free trade refers to a situation where a government, through quotas or duties, attempts to influence what its citizens can buy from another country, or what they can produce and sell to another country. ~~> ...

An Exchange rate - ️️is the price that the currencies of any two nations exchange for one another. Arbitage - ️️the purchase of securities in one market for immediate resale in another to profit from a price discrepancy Balance-of-Trade Equilibrium - ️️reached when the income a nation's residents earn from exports equals money paid for imports Bandwagon Effect - ️️movement of traders like a herd, all in the same direction and at the same time, in response to each other's per...

Several years ago, a customer brought a lawsuit against McDonald's because the coffee she purchased at the drive-thru window was hot when she spilled it on herself in her car. This lawsuit was based on _____. - ️️product liability In the last half of the twentieth century, Britain's Conservative Party sold state-owned enterprises to individual investors in order to create a free market economy. What process was Britain using to create this economy? - ️️Privatization The political...

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INTB 3080 Exam 2 Study Guide with Complete Solutions Mercantilism, as advocated in the 16th and 17th centuries, believed that countries should simultaneously encourage both imports and exports. - Answer-False Largely discredited and primitive, mercantilism still influences the trade policies of many countries today. - Answer-True Free trade refers to a situation where a government, through quotas or duties, attempts to influence what its citizens can buy from another country, or what they...

INTB 3080: Chapter 2 Quiz with Correct Answers |100% Pass The political economy of a country refers to the interaction of the political, economic, and _____ systems of a country. - Answer-legal A nation that fosters individualism would - Answer-stress that the interests of the people are more important than the interests of the state. Political systems that emphasize individualism tend to promote _____. - Answer- democracy ______ refers to a political system that values the needs of soci...