With 100% Correct Answers
\Q\.Net capital flows formula - ANSWER-✔(c-c1)
\Q\.Net import effect formula - ANSWER-✔(m-m1)
\Q\.Net export effect formula - ANSWER-✔(x-x1)
\Q\.Firm vs govt goals: Firm - ANSWER-✔Increased returns, market share, productivity.
Decreased risk and resource cost
\Q\.Firm vs govt goals: Govt - ANSWER-✔increase domestic incomes and tax base,
environmental protection, regional economic development
\Q\.Command economy is... - ANSWER-✔centrally planned
\Q\.market economy is... - ANSWER-✔Individual rather than govt control, privatized
\Q\.A large market may not always be highly _______for expansion - ANSWER-✔attractive
\Q\.________ _______ may soon overpower the USA economically - ANSWER-✔Emerging
markets
,\Q\.Why study the economic environment? - ANSWER-✔Economic systems shape a market
Better investment choices
Operating decisions
Policy decisions
Better returns / less risk
\Q\.Developed Economies - ANSWER-✔Efficient capital movement
Stable institutions
Infrastructure
International trade and investments
Technology
Higher economic freedom
Higher political freedom
Rule of law
\Q\.Developing Economies - ANSWER-✔Uneven
Corruption
Lower incomes
Resistance to foreign ownership
Lower literacy levels, poverty
Lower economic freedom
Lower political freedom
Rule of man
\Q\.Emerging Economies - ANSWER-✔Accelerating growth
, Modernizing
Market liberalization
Exports
FDI
Middle class, expanding consumption
Pro business
Higher economic freedom
Higher/unchanged political freedom
Moving towards rule of law
Lower cost resources
Productive labor
\Q\.G20 Countries - ANSWER-✔Premier international forum for global economic cooperation
86% of world economy
78% of global trade
66% of world's population
More than half of world's poor
Some emerging countries
\Q\.G20 countries example - ANSWER-✔Argentina, Australia, Brazil, Canada, China, France,
Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South
Africa, Turkey, the United Kingdom, the United States and the European Union
\Q\.G7 countries example - ANSWER-✔France, Germany, Japan, United Kingdom, Italy, Canada,
and the United States
\Q\.Commonalities of Big Emerging Markets (BEMs) - ANSWER-✔- Liberalization - FDI