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BUSI 3250 Exam 2, chaps 5-8 with complete verified solutions 2025.
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BUSI 3250 Exam 2, chaps 5-8 with complete verified solutions 2025.
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BUSI 3250 Exam 2, chaps 5-8with complete verified
solutions 2025
Nationalization - answer Also called expropriation
the taking of private property by a government to make it public.
Motivated by the belief that government can manage a public good or
necessity better than the private, profit-driven sector.
The political climate is important to ... - answer international business
decisions
But the ease of doing business indicators have a measurable impact on
the attitudes of ... - answer potential investors
nationalization quote - answer One thing that we also found interesting
was that this is not just internal to the politics of a country, not internal to
a country's relationship with the World Bank, although it is both of those.
But the ease of doing business indicators have a measurable impact on
the attitudes of potential investors. One of the main linkages between
being ranked and changing your regulatory policy is the anticipation that
a high ranking is going to make it appear as though you are a better site
for investment
GM - answer US Government took over ownership of GM during crisis of
2008-2009
Privatization - answer the selling of government owned property to the
private sector to gain more efficiency in business operations, to raise
money or to change in political climate/philosophy.
,stability - answer Stable government maintains itself in power and whose
fiscal, monetary, and political policies are predictable and not subject to
sudden, radical changes.
instability - answer Instable government cannot maintain itself in power
or makes sudden, unpredictable, or radical policy changes.
Companies want - answer peace, stability, and predictability
Protection From Unfair Competition - answer Protect the economic
activities of citizens. Unfair competition is minimized through national
laws, negotiations between governments, efforts of institutions like World
Bank
Four areas of increasing concern to governments - answer Protection
from Terrorism, Cybercrime, and Other Threats
Terrorism - answer unlawful acts of violence committed for a wide variety
of reasons
Kidnapping - answer provide source of operating funds for terrorists.
Text states kidnappers take home more than $1.5 billion a year.
Piracy - answer hijacking and kidnapping on the seas.
Cybercrime - answer any illegal Internet-mediated activity that takes
place in electronic networks
Country Risk Assessment (CRA) - answer An assessment of a country's
economic situation and politics to determine how much risk to employees,
property, and investment exists for the firm doing business there
Usually political
, Reasons for Restricting Trade - answer 1. Provide for National Defense•
Certain industries need protection from imports because they are vital to
security.• Economists say this is a weak argument and used to gain
emotional advantage.• I understand that protecting infant industries is
the most viable reason, followed by national security• COVID has
interrupted supply chains and exposed weaknesses. What if each country
had to close borders or we went to war? • Foxfire Books - "teaching
creative self-sufficiency"• While trade is promoted - in 1982 ag tariffs
averaged 62%- in comparison manufactured good tariffs=4%
Reasons for Restricting Trade (2) - answer 2. Impose Sanctions• Inflict
economic damage, punish, or encourage change of behavior.• Seldom
achieve their goal.• Produce collateral economic damage.
Reasons for Restricting Trade (3) - answer 3. Protect an Infant or Dying
Industry• Give infant industries a change to grow and build comparative
advantage.• Without this, lower-cost imports will underprice in local
market.• Slow down impact of dying industry—move capital into other
sectors.
Reasons for Restricting Trade (6) - answer 6. Retaliate• Dumping defined
in three ways. US first pass a law against foreign goods dumping in 1916.
No law against US companies dumping abroad though.1. Selling product
abroad for less than cost of production.2. Selling product abroad for less
than price in home market.3. Selling product abroad for less than price to
third-party countries.
Predatory dumping - answer definition setting price below another
country's to put them out of business/competition.
Social dumping - answer definition when producers have lower wage
rates, lower social costs (unemployment taxes and env. reguations) poor
worker benefits, poor working conditions
Environmental dumping - answer Definition- when an exporter can sell at
lower costs due to the country's loose environmental standards.
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