xports of goods is a strategy for international companies. Which of the following is not a limitation to export strategy. Select one: a. Threats of quotas b. Threats of import tariffs c. Establishment of trade agreement d.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Exports of goods is a strategy for international companies. Which of the following is not a limitation to export strategy.

Select one:
a.

Threats of quotas

b.

Threats of import tariffs

c.

Establishment of trade agreement

d.

High transportation costs

 

 

Which of the following represents the stage where economic integration is least complete

 

 

 

 


 

Select one:
a.

Free Trade Area

b.

Monetary Union

c.

Common Market

d.

Customs Union

 

 

Japanese auto producers found it easier to set up operation in US to deal with protectionist threats made by US.

Select one:
True
False
 
 

Residents of Ireland decide it is cheaper to import 100,000 more bushels of wheat from Canada than it is to reallocate domestic land to wheat production. In this case:

 

 

 

 


 

a.

The opportunity cost of wheat must be lower in Canada than in Ireland

b.

  Ireland has a comparative advantage in wheat production.

c.

  Canada must have an absolute advantage in wheat production than in Ireland

d.

Ireland must have an absolute advantage over Canada in goods & services other than wheat.

 

 

Toyota auto can not license their know how to American auto producers since the process of designing and manufacturing is embedded in its organizational culture.

Select one:
True
False
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