Import quotas Study guides, Class notes & Summaries

Globalisation Increased interdependence between countries and the rapid rate of change it brings about Factors contributing to globalisation (5) Improvements in infrastructure (Quicker, more reliable and cheaper methods enabling production) Improvements in IT and communication (Allows global operations) Trade Liberalisation (Reduces protectionism and makes trade cheaper - specialisation) International financial markets (Raising money and transferring it globally) TNCs (Low p...

When the Fed buys government bonds in open-market operations, correct answers it increases the money supply and expands aggregate demand When the Fed sells government bonds in open-market operations, correct answers it decreases the money supply and contracts aggregate demand. For any given money supply, fluctuations in money demand lead to fluctuations in correct answers interest rates, aggregate demand, and output Changes in monetary policy aimed at expanding aggregate demand can be d...

Business Praxis 2 5101: Law and International Business (2023/2024) Graded A International Trade occurs when a firm exports goods or services to consumers in another country International Trade Benefits A company has a new market to sell. It can increase its sales and tremendously profit by reaching customers. Company may have surplus supply. Customer can enjoy product that are not available domestically.Products can be sold for less money, at a cheaper price to become more competitive. Less dep...

WGU D080 Managing in a Global Business Environment (250 Q&As) A company is considering establishing a subsidiary in a new host country and wishes to prepare its expatriates to adapt to the local environment. How should this company prepare its expatriates? Negotiation Operational training Repatriation Cultural Training -Cultural training What happens to consumer surplus when tariffs and quotas are discontinued? -They increase Which type of tariff is put in place to specifically ensur...

Globalization can be viewed as: 1. a new force sweeping through the world in recent times. 2. a long-run historical evolution since the dawn of human history. 3. a pendulum that swings from one extreme to another from time to time. Which are the three views of globalization? A recent force, a long-running evolution, and a pendulum An import quota is: restriction on the quantity of imports that can be brought into a country. Examples of nontariff trade barrier (NTB) Import quotas L...

European Union is example of which of the following levels of regional integration? - correct answer Economic Union What countries are characterized by limited industrialization and stagnant economies? - correct answer Developing Economies What is the belief that national prosperity achieved by maximizing exports and minimizing imports? - correct answer Mercantilism Nations running trade surplus - correct answer Export more than import What refers to a nation being able to produce a ...

Comparative advantage correct answers The ability of a country or firm to produce a particular good or service more efficiently than other goods or services, such that its resources are most efficiently employed in this activity. The comparison is to the efficiency of other economic activities the actor might undertake, not to the efficiency of other countries or firms. Absolute advantage correct answers The ability of a country or firm to produce more of a particular good or service than oth...

WGU Global Business D080 Cost Economies of scale and scope. Exploiting cost of factors of production Competition New Markets and increased levels of trade Government Favorable policies and support for industry Subsidies A sum of money granted by the government to assist an industry or business Patents Protects inventions and improvements to existing inventions for a limited period of time in exchange for detailed public disclosure of those inventions Copyrights A ...

Business Education: Content Knowledge 5101 Latest Update Graded A Communication Skills competency most needed for success in most business occupations today Multinational Companies A positive trade agenda is beneficial for? Probate Court Deals with the legal certification of wills and the administration of estates of the deceased. Generation Y Grown up with computers and the Internet playing a significant role in their lives. Letter To thank a boss for allowing a person to attend a business-...

STR 581: Ch 7: Strategies Competing in International Marketing Exam Questions And Answers (Verified And Updated) What are reasons that companies expand into foreign markets? - answer1. to gain access to new customers 2. to achieve lower costs 3. to gain access to low cost production Companies are often motivated to enter foreign markets to _____. - answertake advantage of new resources and capabilities A company may find it easier to operate in one country than in others because of the ...