domestically in a country that was previously missing that product or service‚ or supply side‚ when a firm seeks to exploit a valuable resource from within a new market. In the first case‚ a firm arbitrages a product or a strategic capability into a new market whereas‚ in the second case‚ it arbitrages the factor cost advantage of a new market. We will also see that in order for the firm to extend the scope of activities under its own management to a foreign country‚ there has to be some market failure
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Chapter 1 An Overview of the Changing Financial-Services Sector Multiple Choice Questions 47. In the United States a commercial bank qualifies as a "bank" under federal law if it offers: A) Consumer installment loans‚ CDs B) Savings deposits‚ commercial loans C) Checking accounts‚ commercial loans D) Security investments‚ inventory loans to business customers E) Commercial deposit accounts‚ consumer savings plans 48. E. F. Hutton‚ J.C. Penney‚ and Sears
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neither leakage nor arbitrage occurs between the two markets‚ but it is excessively theoretical. In the modern capitalistic world‚ goods are transferred to any places where they are possibly sold at. Although the trade could be blocked by the law‚ there must be some leakage between the two markets as long as people can shift to each place. This article is about drug markets of U.S and South Africa where distantly locate from each‚ therefore the amount of leakage and arbitrage could be trivial to
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Throughout in this text V will be a vector space of finite dimension n over a field K and T : V → V will be a linear transformation. 1 Eigenvalues and Eigenvectors A scalar λ ∈ K is an eigenvalue of T if there is a nonzero v ∈ V such that T v = λv. In this case v is called an eigenvector of T corresponding to λ. Thus λ ∈ K is an eigenvalue of T if and only if ker(T − λI) = {0}‚ and any nonzero element of this subspace is an eigenvector of T corresponding to λ. Here I denotes the identity mapping
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of one side Volume of a box: l × w × h l: length w: width h: height Volume of a sphere: (4/3) × pi × r3 pi: 3.14 r: radius of sphere Volume of a triangular prism: area of triangle × Height = (1/2 base × height) × Height base: length of the base of the triangle height: height of the triangle Height: height of the triangular prism Volume of a cylinder:pi × r2 × Height pi: 3.14 r: radius of the circle of the base
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the rhetorical devices of ethos‚ pathos‚ and logos. Jonathan Edwards spoke persuasively in “Sinners in the Hands of an Angry God” by using pathos to better the behaviors’ of his congregation. Olaudah Equiano wanted to persuade others to stop the Triangular Slave Trade in‚ “The Interesting Narrative of Olaudah Equiano” by using mainly logos. And lastly‚ “The Middle Passage” video documentary by PBS uses ethos and pathos to express the inhumanity of the slave trade. Each of these works have
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Federal Reserve Bank of New York Staff Reports Shadow Banking Zoltan Pozsar Tobias Adrian Adam Ashcraft Hayley Boesky Staff Report no. 458 July 2010 This paper presents preliminary findings and is being distributed to economists and other interested readers solely to stimulate discussion and elicit comments. The views expressed in this paper are those of the authors and are not necessarily reflective of views at the Federal Reserve Bank of New York or the Federal Reserve System. Any errors
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European Exploration—Causes and Effects Causes Desire for wealth and power. (Gold and Glory) European explorers hoped to find riches in distant countries and to discover a sea route to Asia. Search for spices (nutmeg‚ ginger‚ cloves‚ cinnamon‚ pepper‚ etc.) and luxury goods (silk‚ gold‚ silver‚ jewels‚ ivory‚ porcelains‚ tea‚ etc.) from Africa and the East. Religious aims (God) Europeans hoped to spread Christianity to people throughout the
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Museum Paper I went to the Cantor Center for Visual Arts on Stanford Campus on 2/28/13. I saw a lot of sculptures and vases there. They are very beautiful and interested. The most interested one I think was Kleophon Painter‚ “Volute Krater”‚ ca. 430 BCE‚ Greece‚ red-figure terra cotta vase‚ size 26’ ¾” * 19’ *19’. Hazel D. Hansen Fund‚ 12‚ 1972 Cantor Arts Center at Stanford University. This vase is located in the Iris & B Gerald Cantor Center from the classical period between 479-323 BCE
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CHAPTER 5 Determination of Forward and Futures Prices Practice Questions Problem 5.8. Is the futures price of a stock index greater than or less than the expected future value of the index? Explain your answer. The futures price of a stock index is always less than the expected future value of the index. This follows from Section 5.14 and the fact that the index has positive systematic risk. For an alternative argument‚ let µ be the expected return required by investors on the index so that E (
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