{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

ibusexam2 - Which of the following terms is used to refer...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Which of the following terms is used to refer to a collaborative venture which results in a new legal entity? d. joint venture Extensive government ownership of assets in centrally planned and mixed economies tends to result in ________. d. all of these When we combine newly industrialized countries with countries that have the potential to become newly industrialized, we arrive at a category called ________. Choose one answer. a. developed countries b. emerging markets c. emerging developing countries d. newly industrialized countries Joint ventures are a fundamental method of entering a foreign market with enough capital and resources to ensure the success of participating firms. Answer: False Which of the following was the analysis revealed by the Leontief paradox in the 1950s? Choose one answer. e. Despite having abundant capital, the U.S. was exporting labor-intensive goods. Modern business executives use the term comparative advantage when referring to the assets of individual firms. False All of the following are typical examples of ownership-specific advantages except ________. C b. natural resources Volunteer work and unpaid household work are both counted in GNP and GDP. Answer: False In a free market economy, the ___________________ defines what is produced, in what quantity, and at what price. b. The “invisible hand” of supply-and-demand market forces Which of the following statements best depicts the main differences between mixed and state-directed economies? Choose one answer.
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
a. Free Markets -- Mixed economies enjoy a healthy blend of competition mixed with private ownership that best creates Porter-like diamonds of absolute advantage b. Focus and Competition -- State-directed economies focus on achieving success in targeting industries for external global growth via competition among subsidized local firms d. Ownership -- in State-Directed Economies with industrial policies in effect the Sate will own industries that society deems too important to be left in the hands of private capital e. Market Share -- Mixed economies tend to have greater market share than do firms from state-directed economies Which of the following is most important for managers to consider when determining an FDI location?
Background image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}