Wto goal Study guides, Revision notes & Summaries

AGB 302 QUIZ 3 LATEST UPDATE GRADED A Free Trade refers to a situation where a government does not attempt to influence through quotas or duties what its citizens can buy from another country New trade theory Stresses that in some cases countries specialize in the production and export of particular products because the world market can support only a limited number of firms Mercantilism supports the idea that countries should export more than what they import adam smith argued that countries...

GVPT 282 Midterm Latest 2023 Asian Infrastructure Investment Bank (AIIB) The AIIB is a financial institution focused on multilateral development in the Asia-Pacific region. This bank, with its 17-founding member and other joiners, competes with the IFIs established under the Bretton Woods System, mainly the World Bank and IMF. As a result, it threatens U.S.'s power to advance its foreign policy through conditionality for loans. Instead, IFIs may not compete, and this competition allows developin...

Sure Start is starting a new division for rechargeable batteries in different parts of the world. What was the globalization driver of this decision? - ANSWER-Competition drivers are about entering new markets to beat competitors. Sure Start has identified a market that does not have a lot of competition since it is a fairly new market. Which type of globalization is represented by Sure Start expanding into South America, Europe, and Asia? - ANSWER-Economic globalization is the globalization...

National Association of Securities Dealers Automated Quotations (NASDAQ) - is the second largest stock exchange in the world by market capitalization. It is a dealer's market. New York Stock Exchange (NYSE) - is the largest stock exchange in the world measured by market capitalization. It is an auction market. Dow Jones Industrial Average (DJIA) "DOW" - is a stock market index that indicates the value of 30 large, publicly owned companies based in the United States. S&P 500 - is an Amer...

ETS Major Field Test (Practice Test): Bachelor's Degree in Business. The common characteristic possessed by all assets is a) Long life b) Great monetary value c) Tangible nature d) Future economic benefit Which Foreign Direct Investment (FDI) attempts to acquire particular resources at a lower real cost than could be obtained in the home country? a) Market-seeking FDI b) Efficiency-seeking FDI c) Resource-seeking FDI d) Strategic asset-seeking FDI Under the Uniform Comm...

International Business Questions and Answers Graded A+ globalization trend towards a more integrated global economic system 2 key facets of globalization globalization of markets and globalization of production globalization of markets revenue stream; merging of historically distinct markets into one global market with consumer taste and preferences converging globalization of production cost stream; sourcing of goods and services from around the world to take advantage of natio...

WGU D080 Terms 2023/2024 (Managing In A Global Business Environment) trade - Answer The action of buying and selling goods and services trade secret - Answer Intellectual property that is kept private trade surplus - Answer When the value of a country's exports is greater than the value of goods being imported trademarks - Answer Protection for any word, name, symbol, device, or any combination used in commerce to identify and distinguish the goods of one manufacturer or seller from goods...

Year NAFTA was formed correct answer: 1994 Year NAFTA negotiations began correct answer: 1984 Goal of NAFTA correct answer: liberalize trade by phasing out tariffs, facilitating the flow of services and investment, and harmonizing laws and standards (compete with the EU) largest export state in the U.S. correct answer: Texas ITA correct answer: International Trade Administration When was GATT/WTO formed? correct answer: 1995 Why NAFTA after GATT? correct answer: GATT was...

Study Exam for WGU-072 Fundamentals for Success in Business Final test Ethics is a ____________________ concerned with the meaning of all aspects of human behavior. - CORRECT ANSWER-branch of philosophy Ethics - CORRECT ANSWER-encompasses the principles that guide a person's behavior (what's right and what's wrong) Legal - CORRECT ANSWER-denotes an act that is permissible or in conformity with the law of the land Legal-ethical - CORRECT ANSWER-when the law and personal or organiza...

T/F. One of the significant differences between formal and informal institutions is how they gain compliance. : True T/F. The United Nations operates with voluntary agreements, so it is essentially an informal institution. : True T/F. Permanent members of the UN Security Council vote on Security Council measures and only the Secretary-General of the UN has veto power. : False, everyone on the security council has the power to veto T/F. The World Bank is made up of one large instituti...