Economic trading blocs Study guides, Revision notes & Summaries

What are some examples of economic globalisation since the late 20th century? - ANSWER-- Trade in goods and services - Foreign direct investment i.e. firms outsourcing production overseas - multinational and transnational companies - Foreign portfolio investment i.e. trading of shares & bonds across national boundaries, development of global financial 'centres' e.g. City of London - Hot money flows - moving money balances overseas e.g. for tax avoidance, or to pursue higher interest rates ...

Cost - ANSWER-Economies of scale and scope. Exploiting cost of factors of production Competition - ANSWER-New Markets and increased levels of trade Government - ANSWER-Favorable policies and support for industry Subsidies - ANSWER-A sum of money granted by the government to assist an industry or business Patents - ANSWER-Protects inventions and improvements to existing inventions for a limited period of time in exchange for detailed public disclosure of those inventions Copyrights...

Section A Total Qu Part Marking guidance marks 01 1 Explain how differential access to markets can impact on economic 4 well-being. AO1 = 4 Mark scheme Award one mark each for points of knowledge or understanding. Allow extra marks for developed points (d). Notes for answers Allow credit for specific knowledge and understanding of what differential access means and how it affects economic well-being. Do not double credit opposite points such as ‘in a trade bloc means easier t...

Introduction to Global Business Gaspar 2e TestBank Introduction to Global Business Gaspar 2e TestBank Testbank Introduction to Global Business Gaspar 2e TB1. With business becoming increasingly global, its success, fortunately, depends only on the domestic environment. a. True b. False ANSWER: False 2. Key aspects of globalization include the elimination of barriers to trade and information technology. a. True b. False ANSWER: True 3. The world economy is quickly shifting away fr...

BRICS - Answer Brazil, Russia, India, China & South Africa Indicators of growth - Answer Statistics that show the extent to which a country is increasing in size Equation of GDP - Answer National income/population Business specialisation - Answer When businesses concentrate on producing specific goods Foreign direct investment - Answer Investment made by a business from one country into the production of a business from another country Globalisation - Answer The increa...

Level of response An answer that: Max 9 marks 3 • is well organised and develops one or more of the key issues that are relevant to the question • shows sound knowledge and understanding of relevant economic terminology, concepts and principles • includes good application of relevant economic principles and/or good use of data to support the response • includes well-focused analysis with a clear, logical chain of reasoning • includes a relevant diagram that will, at the ...

AQA A-level GEOGRAPHY 7037/2 Paper 2 Human Geography Mark scheme Version: 1.0 Final Qu Part Marking guidance Total marks 01 1 Explain how differential access to markets can impact on economic well-being. Mark scheme Award one mark each for points of knowledge or understanding. Allow extra marks for developed points (d). Notes for answers Allow credit for specific knowledge and understanding of what differential access means and how it affects economic well-being. Do not double credit o...

UNIT 5-INTERNATIONAL BUSINESS, ASSIGNMENT 1 Unit 5 International business Assignment 1 Why trade internationally? 1 lOMoAR cPSD| Content Introduction ..........................................................................................................................................3 Methods used to finance international trade......................................................................................4 • Prepayment by the importer • Letters of credit • Export cred...

TEST PLANNING TABLE FOR CHAPTER 3 Learning Objective Easy: Knows Basic Terms and Facts Moderate: Understands Concepts and Principles Challenging: Applies Principles 3-1: Discuss business opportunities in the world economy 1, 2, 9, 12, 93, 99, 100 3, 4, 5, 6, 7, 8, 10, 11, 94, 95, 96, 97, 98, 101 102, 103 3-2: Explain the key reasons for international trade 13, 18, 19, 20, 104, 105, 112, 115 15, 16, 17, 21, 22, 23, 106, 108, 114 14, 24, 25, 107, 109, 110, 111, 113, 116, 117, ...

Ch. 03 The World Marketplace: Business Without Borders 1. Access to technology has led before. a. True b. False ANSWER: DIFFICULTY: LEARNING OBJECTIVES: NATIONAL STANDARDS: TOPICS: KEYWORDS: individual economies around the world to become more interdependent than ever True Difficulty: Easy BUSN.KELL.15.03.01 United States - BUSPROG: Analytic A-Head: An Unprecedented Opportunity Bloom's: Knowledge 2. In recent years, the rate of economic growth for both India and China has lagged we...