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15 Cards in this Set
- Front
- Back
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Most important implication of balance of payment deficit on the value of the country's currency is
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devalutioanry pressure
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International product life cycle theory suggests that production will shift from US to other industrilized countires at
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growth stage
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Any business activity conducted across national boundaries, whether the transactions are conducted by government or private organizations.
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International business.
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Most of the foreign direct investment has been made between
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industrialized and other industrilized countries.
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1 mjaor factor which makes international business to be significantly diffrent from domestic business is _____
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Enviroment in foreign countries can be diffrent from that of home countries.
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Importance of Pacific-basin countires as our trading partner increased significaly recently? True or False
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True
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The world economy is getting more interrellated and interdependent of each other because
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development of technology and institutions facilitate free flow of goods and services
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Comparative advantage is
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a theory that there may still be global effciency gains from trade if a country specializes in those products that it can produce more efficiently than other products
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Which of the following is not true abour Balance of Payment?
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Balance of Payment deficit customarily refers to Overall, Balance deficit.
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A unilateral transfer in the balance of payments occures when ____________?
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aid is given to a drought-stricken country.
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The basoc balance on the balance of payment includes
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mechandise trade, services, unlateral transfers and lon term capital flow.
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Neo-mercantilism is
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attempt by countries to relentlessly maximize their exports even at the sacrifice of their trading partners' trade defecit
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This is NOT one of Porter's determinates for the global competive advantage.
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governmental supports and subsidies
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If you are not globally competitive can you survive in the domestic market?
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No.
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All are major doctrine of the Mercantilistic Theory except
1 Self sustaning economy 2 Prohibit colonies from manufacturing goods 3 Monopoly of trade by the government 4 Free trade of merchandise but not services |
free trade of merchandise but not services
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