International Economics Questions

___ are politically motivated trade sanctions against foreign countries to signal displeasure.

which theory suggests that nations will develop comparative advantages based on their locally abundant factors?

____ refers to the reaction of local firms to rise to the challenge demonstrated by MNEs through learning and imitation.

Which of the following is referred to as a multilateral trading system?

Which of the following selections accurately depicts the levels of economic integration from least integrated to most integrated?

If the U.S. started to import textiles from Mexico according to a free trade agreement, but the U.S. previously acquired textiles from Costa Rica for less money, what kind of trade situation would the U.S. be in?

The disadvantage of mercantilism is that it views trade as a(n):

In the 1960s, RCA licensed its leading-edge color television technology to a number of Japanese companies, which later took over the market. This demonstrates:

When I gave yo in class the cases of the companies Billabong as well as Kia and Hyundai, what was the chief problem...* They did not expected the increase in local competition that would result from FDI* All were threatened with hostile takeovers by corporate raiders* They had not anticipated changes in foreign exchange rates* They experienced significant losses in his countries due to the liability of foreignness* They were compelled to set up operations in one of the EU countries to avoid paying high tariffs

In the video "How Global Trade-Rungs on U.S. Dollars", who is trying to establish a workaround to avoid...* Mexico and canada* vietnam and Afghanistan* russia and Poland* EU countries and Iran* China and South Korea

If Sweden specializes in producing precision tools which it produces most efficiently and buys the cutting machines it produces less efficiently and buys the cutting machines it produces less efficiently from other countries, even if Sweden could produce the cutting machines more efficiently itself-this situation is referred to as:

When the money supply is higher than the growth of goods and services

One of the best know examples of _______ is the agreement between the US adn Japan, under which japanese producers promised to limit their auto imports to the US as a way of defusing growing trade tensions

When trade is both__________ and _____________ the buyer and the seller benifit

Because voluntary free trade is mutually beneficial it is ______________ creating

Embargo- Ban on tradeTariff- Ban on goods imported into the US

When you trade with people in other countries trade becomes _____________trade.

List two organizations developed to encourage free international trade

Wealth is nothing more than the ____________ of all you own

The benefits of international trade are often obscured by news reports of _______________losses due to foreign competition.