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BUYNOW $25 Operations of production are moved to a less-developed nation and the cycle is complete as highly-developed nations become importers of this product Which of the following is an economic and trade sanctions against targeted foreign countries, groups, organizations, and individuals and can be motivated by political, economic, or moral reasons All of the following are factors that can affect the international BOP and either create or reduce surpluses and deficits except Which of the following is designed to raise revenue for governments and provide a competitive advantage for domestic businesses Equity capital is the value of the MNC’s investment in shares of an enterprise in a foreign country Political issues that significantly impact global business include Which of the following are designated areas in Customs Ports of Entry that allow commercial merchandise to receive the same customs treatment it would receive if it were outside the commerce of the United States Government interventions may be used to decrease global competitiveness Any company considering moving into a foreign economic market must consider the powerful influence of the military and religious leadership The U.S. Department of Commerce developed the International Trade Administration (ITA) in order to stimulate economic opportunities for U.S. businesses and their employees Though the World Trade Organization (WTO) has officially existed since 1975, the foundation for the rules in this trading system originates in the GATT Governments play a major role in support of technology by crafting industry-specific measures, such as tax credits for research and development of new technologies and trade policies that support essential technology sectors Socialism is the economic policy of restraining trade between nations


Keeping track of the activity surrounding international trade and investment is done by maintaining a record of all international transactions, otherwise known as the balance of payments (BOP) Operation risk occurs when debtors in a country are unable to ensure timely payments of foreign currency debt service because of either transfer or exchange restrictions or a general lack of foreign currency Which of the following are types of risk companies are exposed to in international transactions In mathematical terms the current account is expressed as Which of the following is NOT a way that Governments promote trade The General Agreement on Tariffs and Trade (GATT) was signed on January 1, 1948 A market economy most often refers to an economic system that is under comprehensive control and regulation by a government, in accordance with the plan of economic development Risk of a claim from a previously disposed owner and risk that the current owner will be disposed Greatest wealth and resources; HDI of 0.8 or higher System that allows for the simultaneous operation of public/private owned enterprises Used as a means of compensating someone for wrongful acts known as torts Created to monitor trade around the world Comprehensive control/regulation by a government in accordance with the plan of economic development Governments block open trade within a country’s borders Quantitative restrictions Assessment of nations based upon certain achievements Quantitative restrictions Indicates the level of competitiveness of a national industry When foreign ownership increases faster than domestic ownership Governments accumulate wealth in form of gold bullion Determines the actions needed to be taken if the goal is to maximize world production Competitive Advantage of Nations Interdependent group acting as a unified whole, performing activities to achieve a common goal Used as a means for controlling Foreign Direct Investment Sum of a country’s net income from trade in goods/services Development of an entirely new operation in a foreign


International Product Life Cycle Theory _______ are special privileges offered by the government in order to attract businesses to a region or to provide them with the funding to operate successfully Ownership in foreign entities can be a complete or a controlling stake in the form of either a joint venture or through stock purchases and acquisitions of existing corporations Which of the following is NOT a purpose behind embargoes Government interventions may The United States Department of the Treasury oversees and enforces all U.S. economic sanctions through the Office of Foreign Assets Control (OFAC). Which of the following is NOT a strategic goal of FDI The WTO encourages nations to practice the Golden Rule on a national level, pointing out that foreigners and foreign industries should be treated just like the locals and domestic industries The General Agreement on Tariffs and Trade (GATT) was signed on January 1, 1948 A market economy most often refers to an economic system that is under comprehensive control and regulation by a government, in accordance with the plan of economic development As organizations become more involved in the global community, they may opt to purchase land or other resources in other nations. This activity, known as foreign direct investment (FDI), is commonly used to purchase real estate and existing properties Any company considering moving into a foreign economic market must consider the powerful influence of the military and religious leadership All of the following are factors that can affect the international BOP and either create or reduce surpluses and deficits except In mathematical terms the current account is expressed as Which of the following is NOT true regarding GATT Operation risk occurs when debtors in a country are unable to ensure timely payments of foreign currency debt service because of either transfer or exchange restrictions or a general lack of foreign currency The equation represents the relationship between trade deficits and surpluses is expressed as Cultures such as China, North Korea, and Cuba believe that an economic value system should be founded on cumulative efforts, controlled by greater entities or governments


The WTO was designed to In 1975, as business and policy makers’ alike saw the potential growth of global business, the World Trade Organization (WTO) was created by several countries in order to monitor trade around the entire world

Which of the following places power in the hands of customs officials The three factors that can affect the international Balance of Payments (BOP) and either create or reduce surpluses and deficits are Price of domestic goods,Trade agreements, and taxes and tariffs Which theory is related to the following statement: Operations of production are moved to a less-developed nation and the cycle is complete as highlydeveloped nations become importers of this product International trading is very important to a nation because It generates business and government revenue, and it promotes varying levels of trust between trading partners Within the legal aspects of international business the types of laws used across nations are Common, Natural, and Theocratic Which theory is related to the following statement: Governments play a major role in support of technology by crafting industry-specific measures, such as tax credits for research and development of new technologies and trade policies that support essential technology sectors Which of the following is designed to raise revenue for governments and provide a competitive advantage for domestic businesses? The idea behind Foreign Direct Investment is to buy physical assets or a significant amount of ownership of a firm in another nation to gain a measure of managerial control Which of the following is an economic and trade sanctions against targeted foreign countries, groups, organizations, and individuals; can be motivated by political, economic, or moral reasons Specific government actions that promote trade include all except

Nations that primarily functioned under the centrally planned economic system prior to the 1980s, such as China and Russia, have embraced the market economy.


Any worldwide factor - outside the laws of supply and demand - that could impact the success or failure of any venture moving into the international arena Imposes a waiting period between the determination of a product's quality and the determination of when it can actually be sold in a market Which type of risk do managers have some control over? _______ risk occurs when debtors in a country are unable to ensure timely payments to a foreign currency debt service because of either transfer or exchange restrictions or a general lack of foreign currency. The WTO was designed to The Organization for Economic Cooperation and Development (OECD), the WTO, the World Bank, and the International Monetary Fund have all indicated that unstable political systems are the greatest single barrier to economic development worldwide. What is an economic and trade sanctions against targeted foreign countries, groups, organizations, and individuals; can be motivated by political, economic, or moral reasons? Any company considering moving into a foreign economic market must consider the powerful influence of the military and religious leadership. Political issues that significantly impact global business include? What are three ways that Governments promote trade: What are special privileges offered by the government in order to attract businesses to a region or to provide them with the funding to operate successfully? What are designed to raise revenue for governments and provide a competitive advantage for domestic businesses? Cultures such as China, North Korea, and Cuba believe that an economic value system should be founded on cumulative efforts, controlled by greater entities or governments. What are designated areas in Customs Ports of Entry that allow commercial merchandise to receive the same customs treatment it would receive if it were outside the commerce of the US A market economy most often refers to an economic system that is under comprehensive control and regulation by a government, in accordance with the plan of economic development. A loan in which the exporter is covered, but the value of the cover will be less than the value of the contract Typically raise the price of imports, reduce the volume of imports, and encourage demand for domestically made substitutes. Three purposes of embargoes:


The three types of global business risk include ownership, operational risk, and transfer risk Three types of risks that companies are exposed to in International transactions: In 1975, as business and policy makers' alike saw the potential growth of global business, the WTO, was created by several countries in order to monitor trade around the entire world. What places power in the hands of customs officials? The U.S. Dept. of Commerce developed the International Trade Administratino (ITA) in order to stimulate economic opportunities for U.S. business and their employees. The U.S. Dept. of the Treasury oversees and enforces all U.S. economic sanctions through the Office of Foreign Assets Control (OFAC).


Liberty university busi 303 quiz 2 complete solution