Assignment:
Question 1 How can increases in world trade affect the owners of small businesses in your hometown?
Chapter The Nature of International Business
Question 2: Which factors should a firm consider before it decides to conduct business internationally?
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Question 3: When might a corporation go international using a joint venture approach rather than a wholly owned subsidiary approach? Give an example.
Question 4: Discuss the methods governments use to protect their domestic business environments.
Chapter Theories of Trade and Economic Development
Question 5: What are the fallacies of the theory of mercantilism?
Question 6: Discuss the differences between a free-market economy and a centrally planned economy. What type of economy exists in Japan?
Question 7: Select a country from the first world and the third world and compare the following elements. What do you find similar/different?
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Country xxx
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Country yyy
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Your Findings: Similar or Different?
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GNP per capita
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Annual export levels
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Life expectancy
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Literacy rates
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Energy consumption levels
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Chapter International Monetary System and the Balance of Payments
Question 8: What is the difference between a hard currency and a soft currency?
Question 9: Describe the Bretton Woods Agreement. What position did gold hold in this system?
Question 10: Outline the structure of the International Monetary Fund. What are its aims? What is conditionality?