Answered: 1. Explain the concept of the…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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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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