- A pendulum that swings from one extreme to another.
- A competition among key financial centers and markets.
What are two trade barriers?
- Nontariffs
- Tarriffs
What is the effect of tariff on a particular product for the country imposing the tariff?
Increases domestic production of the product.
Which benefits come to the host country as a result of foreign direct investment?
- Creation of domestic jobs
- Domestic resource allocation
Which characteristics of firm resources affects competitive dynamics?
Imitability
(capable or worthy of being imitated or copied)
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, Which characteristic of firm resources affects competitive dynamics, according to the
VRIO framework?
Rarity
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