IB 300 TEST 2 WITH ALL CORRECT & 100% VERIFIED
ANSWERS|LATEST UPDATE|ALREADY GRADED A+ (JUST
RELEASED)
The reasons a government may nationalize a firm include ✔Correct Answer-All of the above
Nationalization and Privatization are ✔Correct Answer-Opposing trends
Government protection of economic activities is ✔Correct Answer-A historical function of
government
Government stability is a characteristic of a government that ✔Correct Answer-Maintains
predictability in fiscal, monetary, and political issues
International business can be a powerful political force, in part because ✔Correct Answer-About
half the world's 100 largest economic units are firms
The national defense argument for trade restrictions has been used in the United States to argue for
restriction on imports of ✔Correct Answer-Shoes
An argument against the protection of an infant industry is that ✔Correct Answer-There can be
high costs from subsidizing infant industries
An argument against using trade restrictions to punish an offending nation is that ✔Correct
Answer-Sanctions seldom achieve their goal of forcing change in the offending country
An argument against the protection of an infant industry is that ✔Correct Answer-There can be
high costs from subsidizing infant industries
Arguments for trade restrictions include ✔Correct Answer-All of the above
Social dumping occurs when an exporting country ✔Correct Answer-Creates unfair competition
based on lower costs, which undermines social support systems to the worker
The existence of the rule of law in a foreign market suggests that ✔Correct Answer-Foreign
investors can assume that their interests will be protected
Laws governing transactions of individuals and companies that cross international borders are
✔Correct Answer-Private international law
The main sources of international law is ✔Correct Answer-Bilateral and multilateral treaties, along
with customary law
Extraterritoriality is ✔Correct Answer-A nation's attempt to enforce its law beyond its borders
The Alien Tort Statutes allows foreigners to ✔Correct Answer-File claims in U.S. courts for
violations of international law that may have occurred beyond U.S.
ANSWERS|LATEST UPDATE|ALREADY GRADED A+ (JUST
RELEASED)
The reasons a government may nationalize a firm include ✔Correct Answer-All of the above
Nationalization and Privatization are ✔Correct Answer-Opposing trends
Government protection of economic activities is ✔Correct Answer-A historical function of
government
Government stability is a characteristic of a government that ✔Correct Answer-Maintains
predictability in fiscal, monetary, and political issues
International business can be a powerful political force, in part because ✔Correct Answer-About
half the world's 100 largest economic units are firms
The national defense argument for trade restrictions has been used in the United States to argue for
restriction on imports of ✔Correct Answer-Shoes
An argument against the protection of an infant industry is that ✔Correct Answer-There can be
high costs from subsidizing infant industries
An argument against using trade restrictions to punish an offending nation is that ✔Correct
Answer-Sanctions seldom achieve their goal of forcing change in the offending country
An argument against the protection of an infant industry is that ✔Correct Answer-There can be
high costs from subsidizing infant industries
Arguments for trade restrictions include ✔Correct Answer-All of the above
Social dumping occurs when an exporting country ✔Correct Answer-Creates unfair competition
based on lower costs, which undermines social support systems to the worker
The existence of the rule of law in a foreign market suggests that ✔Correct Answer-Foreign
investors can assume that their interests will be protected
Laws governing transactions of individuals and companies that cross international borders are
✔Correct Answer-Private international law
The main sources of international law is ✔Correct Answer-Bilateral and multilateral treaties, along
with customary law
Extraterritoriality is ✔Correct Answer-A nation's attempt to enforce its law beyond its borders
The Alien Tort Statutes allows foreigners to ✔Correct Answer-File claims in U.S. courts for
violations of international law that may have occurred beyond U.S.
