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bUSI 3250 Exam 2 Colley with complete verified solutions 2025.
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bUSI 3250 Exam 2 Colley with complete verified solutions 2025.
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bUSI 3250 Exam 2Colley with complete
verified solutions 2025
Nationalization - answer The taking of private property by a government
to make it public (also called expropriation)
Why does nationalization occur? - answer motivated by the belief that
the government can manage a public good or necessity better than the
private, profit-driven sector
Stable government - answer maintains itself in power and whose fiscal,
monetary, and political policies are predictable and not subject to sudden,
radical changes
Instable government - answer Cannot maintain itself in power or makes
sudden, unpredictable, or radical policy changes
protection from unfair competition - answer Protects the economic
activities of citizens. Unfair competition is minimized through national
laws, negotiations between governments, efforts of institutions like World
Bank.
Terrorism - answer unlawful acts of violence committed for a wide variety
of reasons
kidnapping - answer provides a source of operating funds for terrorists
(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 (North Korea tries to hack Phizer for COVID
data)
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
2. Impose Sanctions
3. Protect an Infant or Dying Industry*
4. Protect Domestic Jobs
5. Ensure Fair Competition
*6. Retaliate*
Provide for National Defense (reasons restricting trade) - answer -
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.
Impose Sanctions (reasons restricting trade) - answer - Inflict economic
damage, punish, or encourage change of behavior.
- Seldom achieve their goal.
- Produce collateral economic damage.
Protect an Infant or Dying Industry (reasons restricting trade) - answer -
Give infant industries a chance 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.
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