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political freedom is one of the measures used by the human development index (hdi) to
measure the quality of human life in different nations.
heckscher-ohlin theory supports the case for unrestricted free trade between nations.
hrm professionals have a critically important strategic role.
Evaluation of a subsidiary should not be separate from the evaluation of its manager.
the theories of smith and ricardo show that countries should not engage in international
trade for products that it is able to produce for itself.
when law courts interpret common law, they do so with regard to tradition, precedent,
and custom.
one visible indicator of political risks tends to be a countrys inflation rate.
Firms should not utilize the forward exchange market when they are faced with
uncertainty about the future value of currencies.
firms can increase flexibility by producing all parts of a product in-house.
two types of competitive pressure that affect the ability of multinational enterprises to
compete in the global marketplace are pressure for cost reductions and pressure for
local responsiveness.
in a turnkey project, the contractor agrees to handle every detail of the project for a
foreign client.
diminishing returns show that it is feasible for a country to specialize to the degree
suggested by the simple ricardian model.
brand names are generally well-protected by international laws pertaining to
trademarks.
a push strategy is generally favored by consumer goods firms that are trying to sell to a
large segment of the market.
the implied loss of national sovereignty to the ecb underlies the decision by great
britain, denmark, and sweden to stay out of the euro zone for now.
