Answered: 1. Explain the concept of the…

Essentials of Economics (MindTap Course List)

8th Edition

ISBN:9781337091992

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter17: Production And Growth

Section: Chapter Questions

Problem 5PA

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1. Explain the concept of the international financial environment and how this relates to companies operating in the Caribbean context.

2. Compare the models that may explain the emergence of the multinational corporation (MNC).

3. Justify the role of MNCs in contributing to national economies, recognizing the composition of a country’s balance of trade.

4. Compare the ways in which companies engage in international business.

5. Determine how the agencies facilitating the international flow of funds can support Caribbean industries in developing their international trade.

Definition Definition Difference in value of a country's net exports and net imports for goods and services in a given period. A positive balance of trade is called a surplus and coincides with more net cash inflows into a country; a negative balance of trade deficit is a deficit and results in net cash outflows. A balance of trade surplus or deficit doesn't necessarily indicate a positive or negative situation for a country.

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