Import quotas Study guides, Class notes & Summaries

tools states use to project economic power - Answer-aids and sanctions bilateral aid - Answer-Where aid is given by one country directly to another. multilateral aid - Answer-numerous different governments and organizations such as the world bank or the UN Types of aid - Answer-development, military, democracy, humanitarian the Marshall plan - Answer-Massive transfer of aid money to help rebuild postwar Western Europe, intended to bolster capitalist and democratic governments and prevent d...

A trade _____ is an economic condition in which a nation imports more than it exports. - deficit The _____ theory viewed international trade as a zero-sum game. - mercantilism Which of the following is a classical theory of international trade? - Comparative advantage theory The _____ theory is based on the assumption that the wealth of the world is fixed. - mercantilism Factor endowment is _____. - the extent to which different countries possess various factors of production Which of t...

import the purchase of a good or service from another country export the sale of a good or service to another country merchandise goods tangible or concrete goods, including mining, manufactured, and agricultural goods service exports all exported business services, including internet services, travel, and transportation migration the flow of people across borders as they move from one country to another foreign direct investment (FDI) the flow of capital across borders when a firm ow...

FREE MOVEMENT OF GOODS. In spite of the aims of the EU Treaties, there is still not at the present time absolute freedom for a person in one Member State to import or export goods from or to another Member State. Discuss, explaining in particular the circumstances in which a Member State can lawfully restrict or prohibit the free movement of goods from another Member State. The internal market is defined in Article 26 TFEU in the following terms: The internal market shall comprise an area ...

Economic Power - Linked to other sorts of power; money is fungible. This enhances the stature of states, while relations constrain states. Tools used to project this include aid and sanctions. Criticisms of Aid - Its effectiveness often comes in to question and some believe it prompts moral hazard and dependency. It also does not always reach the intended target and can foster corruption. It is neo imperialism. Bilateral Aid - Assistance given by a government directly to the government of a...

Global Business -ANSWER Buying and selling of goods and services by people from different countries multinational corporation -ANSWER Owns businesses in two or more countries direct foreign investment -ANSWER company builds a new business or buys an existing business in a foreign country Trade Barriers -ANSWER government-imposed regulations that increase the cost and restrict the number of imported goods Tariff -ANSWER Direct tax on imported goods Nontariff barriers -ANSWER non ta...

absolute advantage correct answers Where a country is able to produce more output than other countries using the same input of factors of production. administrative barriers (in the context of trade) correct answers Any administrative requirement that might prevent or reduce the amount of imports. anti-dumping correct answers Legislation to protect an economy against the importing of a good at a price below its unit cost of production. appreciation correct answers An increase in the val...

A trade _____ is an economic condition in which a nation imports more than it exports. correct answers deficit The _____ theory viewed international trade as a zero-sum game. correct answers mercantilism Which of the following is a classical theory of international trade? correct answers Comparative advantage theory The _____ theory is based on the assumption that the wealth of the world is fixed. correct answers mercantilism Factor endowment is _____. correct answers the extent to w...

UIowa management Exam 2 Graded A+ Forces for Internationalization ️Globalization - tendency of firms to expand sales, manufacturing, and ownership to new markets in other countries -modern communication technology -air travel -corporate globalism Pros and Cons of gobalization ️Pros: -productivity grows -living standards increase -inflation is less likely (cheap) -innovation (new ideas) -access to new markets and new customers -export jobs pay more Cons: -Americans lose jobs -fear los...

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...