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1) Bureaucratic rules that make it harder to import foreign goods are defined as
administrative policies.
2) It is only crucial that managers pay attention to long-run movements informed by
PPP, productivity changes, and balance of payments because short-run fluctuations
always even out.
3) If a firm is a bundle of resources and capabilities, how do they come together to add
value?
4) Informal institutions are based on the rules and legal systems of an economy.
5) Explain how the "middle-of-the-road" strategies bridge the disparity between ethical
relativism and ethical imperialism.
6) General Agreement on Tariffs and Trade (GATT) expanded considerably into WTO.
