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Exam (elaborations)

BA 310 SCANLAN QUESTIONS AND VERIFIED ANSWERS

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BA 310 SCANLAN QUESTIONS AND VERIFIED ANSWERS












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Uploaded on
August 8, 2025
Number of pages
47
Written in
2025/2026
Type
Exam (elaborations)
Contains
Questions & answers

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the way people relate to one another in a group setting
-reference groups: groups that are important to people (e.g., family, friends)


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Social Institutions

,International organization that regulates international trade
-concerned wit the natural environment coupled with the need for sustainable
economic growth
-the only international organization dealing with the rules of trade between nations
-began in 1948 under the General Agreement on Tariffs and Trade (GATT)
-founded in 1994 at the Uruguay Round of Negotiations
-located in Geneva, Switzerland.
-160 countries in membership.


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The World Trade Organization




-The net of exports of services and imports of services
(services; shipping, airlines, consulting, etc.)
surplus indicates country is competitive in its service industry
-U.S is a primarily service economy


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Trade Service Balance




more stable global economic order


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Outcome of a multi-polar world

,- End extreme poverty by 2030 (people living with less than
$1.90/day).
- Boost shared prosperity: increase income of the poorest 40%
in every country


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Goals of the World Bank




Special Drawing Rights- International Reserve Asset freely traded among IMF
member states


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SDR's




pervert the political debate on the origin of the imbalances and lead to misguided,
and hence counter-productive, decisions.


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The statistical bias created by attributing the full commercial value to the
last country of origin can




demand (particularly automotive, computers and electronics in
Europe and Asia)
-redesigning products w/o sacrificing quality to reduce cost

, ex) the Tata "Nano, a no frills car for 3,000
and $300 laptop compouters


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Companies are increasingly establishing production in proximity to




-the country pegs its currency at a fixed rate to major currency


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Fixed exchange rate




The limited monopoly rights legally granted by a nation to the creator of intellectual
property
-Patent
-Trademark
-Copyright


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Intellectual Property Protections




The degree to which a society compartmentalizes roles
How seperate week keep our private and work lives


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