A trade restrict - Study guides, Class notes & Summaries

Test Bank for Economics 4th Edition by Paul Krugman 1. A simplified representation that is used to study a real situation is called a(n): A) model. B) production possibility frontier. C) assumption. D) trade-off. 2. The models that economists construct: A) usually make simplifying assumptions. B) often rely on physical constructs, such as those used by architects. C) rarely use mathematical equations or graphs. D) attempt to replicate the real world. 3. When building a mod...

WGU D080 Managing in a Global Business Environment A company is considering establishing a subsidiary in a new host country and wishes to prepare its expatriates to adapt to the local environment. How should this company prepare its expatriates? Negotiation Operational training Repatriation Cultural Training Cultural training What happens to consumer surplus when tariffs and quotas are discontinued? They increase Which type of tariff is put in place to specifically ensure tha...

The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to as twisting subrogation a life settlement coercion Twisting Providing incorrect, misleading, incomplete, or materially untrue information in the license application is forgery coercion embezzlement misrepresentation MisrepresentationIn the Michigan Insurance Code, Chapter 45, insurance fraud defines financial loss as all of the following EXCEPT loss...

BUSI 3250 Exam 2 Nationalization is also called - Expropriation the taking of private property by a government to make it public - Nationalization US Government took over ownership of what company during crisis of ? - GM 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 - Privatization (why governments sell businesses) Protect the economic activities of citize...

1. In which of the following countries do services account for about 40 percent or more of total merchandise trade? a. China and Panama b. Panama and the Netherlands c. China, Panama, and the Netherlands d. China and the Netherlands : b 2. Which of the following are included in a typical services export? a. Tourism and transportation b. Sales and forecasting c. Technology and e-commerce 2 | P a g e d. All of the above : a 3. Who does international trade allow to seek out products...

direct marketing - connecting directly with carefully targeted individual consumers WHY?: to obtain an immediate response and cultivate lasting customer relationships direct mail marketing - LARGEST DIRECT MARKETING MEDIUM involves an offer, announcement, reminder, or other item to a person at a particular address -personalized -newer digital forms -effective -often perceived as "junk mail' catalog marketing - direct marketing through print, video, or digital catalogs that are mailed t...

Ch.18 Michigan Laws and Rules Pertinent to Insurance Questions and Answers Already Passed The act of using misrepresentation to induce an insured person to terminate an existing policy and purchase a new policy is referred to as twisting subrogation a life settlement coercion Twisting Providing incorrect, misleading, incomplete, or materially untrue information in the license application is forgery coercion embezzlement misrepresentation Misrepresentation In the ...

BUSN 201 EXAM QUESTIONS WITH ALL CORRECT ANSWERS Which of the following best defines balance of trade? - Answer-The total value of a nation's exports minus the total value of its imports over some period of time. The ability to produce a specific product more efficiently than any other nation is called a comparative advantage? - Answer-False The selling and shipping of raw materials or products to other nations is called? - Answer-Exporting where exports exceed imports - Answer-Tra...

FOR3703 PORTFOLIO ANSWERS DUE 24 MAY 2024. Most fraud is committed online around the world. In 2021, during the Covid pandemic when people were stuck inside their houses, the Federal Trade Commission (FTC) reported the increase of 70% in consumer reports compared to 2020. The consumers lost a total of 5.8 billion rands to impostor scams and online shopping scams. As the fraudsters do not only target consumers, they also frequently target businesses in South Africa. The Association of Certified...

Sure Start is starting a new division for rechargeable batteries in different parts of the world. What was the globalization driver of this decision? - ANSWER-Competition drivers are about entering new markets to beat competitors. Sure Start has identified a market that does not have a lot of competition since it is a fairly new market. Which type of globalization is represented by Sure Start expanding into South America, Europe, and Asia? - ANSWER-Economic globalization is the globalization...