ADMS 3960 Study Guide - Chip Carrier, Prentice Hall, High Tech

• School: York University
• Department: Administrative Studies
• Course: ADMS 3960
• Professor: Brian Zeiler- Kligman

Document Summary

International business: environments and operations, 14e (daniels et al. ) Objective: 1: all countries face the questions of what, how much, and with whom they should import and export. How they answer these questions primarily affects whether ________: nontradable goods become tradable, products go through a lengthy life cycle, companies adhere to laissez-faire export policies, a company"s present production location will be competitive. Objective: 1: the trade theory that says a country should export more than it imports is known as ________, mercantilism, absolute advantage, comparative advantage, import substitution. Objective: 1: under mercantilism, governments sought to influence trade by ________, establishing bilateral trading agreements with other countries, limiting exports, limiting imports and subsidizing exports, encouraging the development of manufacturing in their colonies. 2: country x runs a favorable balance of trade. Which of the following undesirable results will most likely occur: higher unemployment, higher domestic interest rates, lower value of global investments, lower credit value for purchasing goods.