Quiz 1 1. An increase in the imports of clothing into the U.S from India wills benefits the____________ & hurt the___________. A) U.S. clothing producers; Indian clothing producers B) Indian consumers; Indian clothing producers C) U.S consumers; Indian clothing producers D) U.S consumers; U.S clothing produces 2. Suppose Country A‚ a labor-abundant country‚ produces only wheat & cloth. The following equations illustrate the prices & costs of wheat and cloth in
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Econ 371: Answer Key for Problem Set 1 (Chapter 12-13) Instructor: Kanda Naknoi September 14‚ 2005 1. (2 points) Is it possible for a country to have a current account deficit at the same time and has a surplus in its balance of payments? Explain your answer using hypothetical figures. ANSWER: (1 point) Yes. The balance of payments (BoP) is the sum of current account (CA)‚ capital account (KA) and financial account (FA). Theoretically‚ because of the double-entry bookkeeping practice‚ the sum
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Modern non-tariff measures 1. Import deposit schemes: this requires importers to deposit a certain amount with the central bank of the country. This makes importing more time consuming and more expensive and reduces the liquidity of the importing firm. 2. Voluntary Export Restrain (VER): it is an agreement between two countries where the government of exporting country agrees voluntary to restrict the volume of its exports of a certain good. Ex. Japan’s VER with USA in the export of motor
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International Student mobility Student mobility has an important meaning of countries. It can not only enhance the education level of countries‚ but also have a huge economic effect. Therefore‚ this paper will discuss the trends in international student mobility with three different perspectives of the US‚ the UK and Canada. Every country has its own orientations of international student policy. It can clearly be seen from Table 1. The US has the most serious limitation of international
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summarize the International Trade Simulation‚ explain the basic concept of International Trade‚ emphasize the four key points from the reading assignments in the simulation‚ and apply these concepts to my workplace. Simulation Summary In the International Trade simulation‚ you are the Trade Representative of a small country called Rodamia. You are introduced to international trade--the theory of comparative advantage and the impact of tariffs‚ quotas‚ and dumping on international trade (Applying
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CLASSIFICATION OF SOURCES OF INTERNATIONAL LAW 2.1. Classification of Sources of International law Source is found in the process by which it becomes identifiable as a rule of conduct with legal force and from which it derives legal validity. The various sources of international law are inferred from Article 38 of ICJ. Article 38 of ICJ states: The Court‚ whose function is to decide in accordance with international law such disputes as are submitted to it‚ shall apply : A. international conventions‚ whether
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countries‚ the roles of sovereign states‚ inter-governmental organizations (IGO)‚ international non-governmental organizations (INGO)‚ non-governmental organizations (NGO)‚ and multinational corporations (MNC). International relations is an academic and a public policy field‚ and so can be positive and normative‚ because it analyzes and formulates the foreign policy of a given State. As political activity‚ international relations dates from the time of the Greek historian Thucydides (ca. 460–395 BC)
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aspect of local‚ regional‚ national or international politics. In brief‚ an approach ‘consists of criteria of selection-criteria employed in selecting the problems or question to consider and in selecting the data to bring to bear; it consists of standards governing the inclusion and exclusion of question and data. Realist approach is an important approach related to the study of international Politics. It based on really and tries to explain International Politics in context to reality. This
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Chapter 01 Globalization True / False Questions 1. (p. 4) The notion that national economies are relatively self-contained entities is on the rise. FALSE 2. (p. 4) For the last 50 years‚ the volume of goods‚ services and investment crossing national borders has consistently expanded faster than world output. TRUE 3. (p. 4) Today‚ the world economy is fast moving toward a world in which barriers to cross-border trade and investment are declining. TRUE 4. (p. 6) The shift toward a more integrated
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International Marketing Environment Alfredo Carmona Prof. Simone Farrar Marketing 320 February 3‚ 20 In today’s fierce market it is important for corporations to go global. This isn’t an easy task as it takes a lot of careful planning and research in order to be successful at an international level. The competition can come from local companies to others looking to also expand into worldwide markets. This is why it is so important for a company to analyze this new market and familiarize themselves
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