Sample Midterm #1 Questions 1. Which of the following does not constitute a form of direct foreign investment? a. Franchising b. International trade c. Joint ventures d. Acquisitions of existing operations e. Establishment of new foreign subsidiaries 2. Which of the following theories identifies specialization as a reason for international business? a. theory of comparative advantage. b. imperfect markets theory. c. product cycle theory. d. none of the above 3. Agency costs faced by multinational
Premium Economics Investment Corporation
1. A nation’s standard of living is best measured by its a. | real GDP. | b. | real GDP per person. | c. | nominal GDP. | d. | nominal GDP per person. | 2. Productivity is defined as the quantity of a. | labor required to produce a nation’s GDP. | b. | labor required to produce one unit of goods and services. | c. | goods and services produced from each unit of labor input. | d. | goods and services produced per unit of time. | 3. The equipment and structures available to
Premium Economics Gross domestic product Macroeconomics
1. Suppose that there are two states that do not trade: Iowa and Nebraska. Each state produces the same two goods: corn and wheat. For Iowa the opportunity cost of producing 1 bushel of wheat is 3 bushels of corn. For Nebraska the opportunity cost of producing 1 bushel of corn is 3 bushels of wheat. Present production is: | |Iowa |Nebraska | |Wheat |20 million bushels
Premium Costs Economics Variable cost
Opportunity Cost‚ Supply and Demand 1. The following table shows output per hour for Martha and Stewart who make gift baskets and potholders: (a) What is the opportunity cost of a gift basket for Martha? What is the opportunity cost of a gift basket for Stewart? Who has a comparative advantage in producing gift baskets? How can you tell? (b) What is the opportunity cost of a potholder for Martha? What is the opportunity cost of a potholder for Stewart? Who
Premium Economics
Appalachian Coal Mining believes that it can increase labor productivity and‚ there- fore‚ net revenue by reducing air pollution in its mines. It estimates that the marginal cost function for reducing pollution by installing additional capital equipment is MC = 40P where P represents a reduction of one unit of pollution in the mines. It also feels that for every unit of pollution reduction the marginal increase in revenue (MR) is MR =1‚000 =10P. How much pollution reduction should Appalachian Coal
Premium Marginal cost Economics Statistical significance
Through my whole life‚ I had dreamt of helping people especially those who deserve justice. For this reason‚ my goal is to graduate from university and become a lawyer. Therefore‚ I need to find resources that could help me to achieve my goals. There are many ways in which this scholarship will facilitates me. First of all‚ this scholarship will make it easier for me to function well in my education goals. It gives me an opportunity to further my education at University of Malaya in the field of
Premium Economics High school Higher education
bkjblkb‚.nn;n;lkn;n;ln;n; ;ln;ln bpjpo pn pon o opnpon po pon po npo nn pon po n opn pon pon pon pon pon pon pon pon ponp onp on pon pon pon pon po npDreamliner 787 case study Tara Lentini Week 3 Case Assignment Boeing: Dreamliner 787 Discuss the nature of the market structure and demand for the Dreamliner. What are the implications for Boeing and its customers? The market structure for the Dreamliner is that of an oligopolistic nature which means there are few air Premium1632 Words7 Pages Boeing
Premium Economics Boeing 787 Scientific method
Chapter 1 (2 & 6 p. 27) 2. What is the maximum amount you would pay for an asset that generates an income of $150‚000 at the end of each of five years if the opportunity cost of using funds is 9 percent? To find the maximum amount‚ we must determine the Present Value (PV) of the $150‚000 over the 5 years. PV=(150000/1.09^1)+(150000/1.09^2)+(150000/1.09^3)+(150000/1.09^4)+ (150000/1.09^5) = $583‚447.69 So‚ if costs exceeded $583‚447.69‚ then the asset would not be worth the price
Premium Consumer theory Goods Supply and demand
Calvert Peter‚ Latin America in the Twentieth Century (New York: St. Martin’s Press‚ 1990). Craig Edward‚ (Ed.)‚ Routledge Encyclopaedia‚ Vol. 2 (London and New York: Routledge‚ 1998). University Press‚ 1991). Dixon A. John‚ et al‚ Dry land Management: Economic Case Studies (London: Earthscan Publication Ltd 1990). Draper T.‚ Israel and the Middle East (New York: The H.W. Wilson Company‚ 1983). Emile Durkheim‚ Suicide (Glencoe‚ Il: Free Press‚ 1951). Farrel‚ R.B.‚ (Ed.)‚ Approaches to Comparative and International
Premium Diplomacy International relations Foreign policy
I. PUBLIC INTERNATIONAL LAW • Law that deals with the conduct of States and international organizations‚ their relations with each other and‚ in certain circumstances‚ their relations with persons‚ natural or juridical (American Third Restatement). Basis of International Law 1. Law of Nature School – based on rules of conduct discoverable by every individual in his own conscience and through application of right reasons. 2. Positivist School – agreement of sovereign states to be bound
Premium International law Diplomacy International relations