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the entry of large discount superstores such as tesco and carrefour has shortened
channel length in some countries.
free trade refers to a situation where a government does not attempt to influence
through quotas or duties what its citizens can buy from another country.
neither corporate bond interest nor dividends are deductible for tax purposes.
countries with free market economies in which property rights are protected tend to
achieve lower economic growth rates than command economies where property rights
are poorly protected.
ethical dilemmas exist because many real-world decisions involve first-, second-, and
third-order consequences that are hard to quantify.
the objective of the government in a command economy is to encourage free and fair
competition between private producers.
gross national income per-capita data take into account differences in the cost of living.
it is more difficult for a leader to create an organizational culture from scratch in a new
venture than it is to change an established one.
designing for manufacturing increases not only product quality, but also costs involved.
pricing decisions around the world must be delegated to the managers of various
national subsidiaries.
Fixed exchange rates lead to speculation and uncertainty in the value of currencies.
new trade theory stresses that in some cases countries specialize in the production and
export of particular products because the world market can support only a limited
number of firms.
current maturities of long-term debt refers to the amount of interest on a note payable
that must be paid in the current year.
a market with a large number of consumers, with low living standards will have a
relatively large market when measured in economic terms.
an expatriates base salary normally varies from the base salary for a similar position in
the home country.
a free market economy in which property rights are protected leads to subsequent
economic growth, which often leads to the establishment of:
a.a democratic regime
b.a planned economy
c.government owned enterprises
d.a socialist economy
_____ are the highest rate that can be charged, which is often, but not always, the rate
that is charged.
a.ad valorem tariff rates
b.tariff rents
c.specific tariff rates
d.bound tariff rates
the largest source country for fdi has been china.
according to john rawls:
a.each person should be permitted the maximum amount of basic liberty compatible
with a similar liberty for others
b.freedom of speech and assembly is the single most important component in a justice
system
c.equal basic liberty is impossible in a pure market economy
d.ethics is culturally determined
which of the following is directly elected by the populations of the member states and is
primarily a consultative rather than legislative body?
a.the european parliament
b.the european commission
c.the council of the european union
d.the court of justice
in a(n) ____, similarities in the underlying structure of economic activity make it
feasible to adopt a single currency and use a single exchange rate as an instrument of
macroeconomic policy.
a.optimal currency area
b.unified economic area
c.uniform currency zone
d.monetary zone
the present value of a bond is also known as its
a.face value
b.market price
c.future value
d.deferred value
eurodollars ____.
a.refer to the exchange value of dollar with euro
b.are used to pay for imports from europe
c.are dollars banked outside of the united states
d.refer to the exchange buffer that euro has against dollar
according to the ____, top managers typically overestimate their ability to create value
from an acquisition.
a.misvaluation theory
b.performance extrapolation hypothesis
c.market timing theory
d.hubris hypothesis
it follows from the fisher effect that if the real interest rate is the same worldwide; any
difference in interest rates between countries reflects differing expectations about
_____.
a.foreign exchange rates
b.inflation rates
c.unemployment rates
d.gdp growth rates
which of the following is a nationwide group of international trade attorneys who
provide free initial consultations to miniature businesses on export-related matters?
a.elan
b.emc
c.miti
d.score
a societys social structure refers to its:
a.system of values and norms
b.basic social organization
c.religious practices
d.educational infrastructure
discuss samuel huntingtons views on islamic fundamentalism.
Compare and contrast a pegged exchange system with a dirty float system of exchange
rates.
is privatization by itself enough to guarantee economic growth? why? explain using an
example.
moss county bank agrees to lend the sadowski brick company $400,000 on january 1.
sadowski brick company signs a $400,000, 6%, 9-month note. what is the adjusting
entry required if sadowski brick company prepares financial statements on june 30?
discuss an example that substantiates dunnings argument about location-specific
advantages.
Explain the events that led to the failure of the Bretton Woods system.
With the help of an example, explain how balance-of-trade equilibrium is maintained
under the gold standard.
what is a knowledge network? what is the advantage of such a system?
discuss why firms selling products with low value-to-weight ratios choose fdi over
exporting.
