23 - of o Labor o Natural Resources o Capital o...

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Chapter 4 – Competing in Global Markets Why Nations Trade Boosts economic growth Expands markets More efficient production systems Less reliance of economies of home nations Exports- domestically produced goods and services sold in markets in other countries Imports- foreign-made products and services purchased by domestic consumers International Sources of Factors of Production Decisions to operate abroad depend upon availability, price, and quality
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Unformatted text preview: of: o Labor o Natural Resources o Capital o Entrepreneurship • Companies can spread risk throughout nations Size of the International Marketplace • As developing nations expand into the global marketplace, opportunities grow • Many developing countries have posted high growth rates of annual GDP o USA 4.4% o China 11.1% o India 9.4% Exchange Rate Barriers to International Trade • Social, Economic, Legal and Political, Free Markets...
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This note was uploaded on 09/27/2011 for the course ECON 101 taught by Professor Gottlieb during the Spring '08 term at Rutgers.

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