D7) Much of the growth in Southeast Asia is due to ________, and many African nations have based their growth on ________. A. service exports; manufactured exports B. export-manufacturing; resource extraction C. trade restrictions; free trade D. increased tourism; foreign aid
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- Economic Scenario: Country A has one of the highest real GDP while Country B has one of thehighest real GDP per capita in the world respectively. a.what are the (3) comparative differences between real GDP and real GDP per capita. b.What does this tell us, about the well-being of the residents of Country A and B?Subject: OM | International Business and Trade Question: 3.How do you think the transition to a normal economy in Lebanon, after the war in 2006, would differ from the experiences of European countries after World War II? (Cite citations if needed)5. US exports are labour intensive compared with US imports. But, it is assumed that the USA has abundant capital relative to labour. This surprise finding is known as---------
- II. True & False, just write true or false for the answer （ ） 1. It is possible that economic growth in developed nations has offset the fall in the share of national income enjoyed by unskilled workers, raising their living standards. （ ）2. The attractiveness of a country as a potential market for an international business depends solely on the size of its consumer market. （ ）3.The stock of foreign direct investment refers to the total accumulated value of foreign-owned assets at a given time. （ ） 4. Strong legal protection of property rights is a requirement for a business environment to be conducive to innovation, entrepreneurial activity, and hence economic growth. ( ) 5. A risk-averse international firm that enters a foreign market on a small scale will increase its potential losses. （ ）6. In a joint venture, a firm benefits from a local partner's knowledge of the host country's competitive conditions, culture, language, political systems, and business systems.…QUESTION 6 Which situation would most likely cause a nation's possiblitiy curve to shift inward? A. Investing more resources in new plants and equipment. B. Eliminating discrimination based on race and ethnic background. C. Increasing international trade or incurring a trade deficit. D. Going to war with another nation and suffering a major defeat.19. _______________ topics relate to how much money the country makes in a year, how many resources a country imports and exports in a year, and the number of available jobs in the U.S. at a given time.
- 7. Japanese labor productivity is roughly the same as that of the United States in the manufacturing sector (higher in some industries, lower in others), while the United States is still considerably more productive in the service sector. But most services are nontraded. Some analysts have argued that this poses a problem for the United States,because our comparative advantage lies in things we cannot sell on world markets.What is wrong with this argument?Question 2 [We learned in class, that policymakers are interested in bolstering the country’s economic long-term productive capacity, which contributes towards stronger economic prosperity and enhanced social and individual well-being.] (a) [A nation’s economic prosperity is strongly dependent on the productive capacity of its economy. What are the main factors (or “ingredients”) that determine the productive capacity of a nation’s economy? Are there any limitations to these sources of growth and productivity? (b) We know that technological progress (innovation, ideas, knowledge breakthroughs) can help overcome barriers to economic growth as discussed in Question 2 part (a). Identify two sustainable development goals (SDG’s) and discuss how technological progress can assist in progress towards goal achievement.1. Why do you think many big corporations like Apple, Coca-Cola, Microsoft, choose to manufacture their products in countries located in the Global South than in the Global North? 2. Based in your knowledge, why rich countries become richer and poor countries become poorer? Support your idea.
- Question 1. To what countries did Mr. Sanchea export his devices? In some countries, export-oriented industries are the primary source of employment. What are the advantages and disadvantages of relying heavily on exports? How might a strong export-oriented economy affect employment? Can you think of an example in which a country relies almost completely on the export of one good? How has this affected the country? 2. What products discussed in the case study were imported into the United States? how did this affect Mr. Sanchez? What imported products are available in your community? Is there any additional value associated with the importation of any of these products (i.e, Frech wine, Italian shoes, Japanese electronics)? What effect on a country's culture might result from the widespread availability of imported goods and services?7- : What is the total expenditure made by consumers on the purchase of goods and services called? a) Net foreign trade B) Savings spending NS) Consumption expenditure D) investment expenditure TO) public spendingBackground: A CARICOM Press Release on 16 November, 2006 stated that at the opening of the Twenty-Second Meeting of the CARICOM Council for Trade and Economic Development (COTED), Secretary General of the Caribbean Community (CARICOM) H. E. Edwin Carington opined that the implementation of the CSME was the best chance of the region coping in the face of globalization. He urged Member States to facilitate the implementation of the Single Economy, “thereby completing the process of establishing a more competitive Caribbean Regional economy”. Current Scenario: 17 years has passed since those statements were made by the then Secretary General. The Conference of Heads of Government CARICOM are scheduled to meet in one month. Your Head of State will be making a Presentation at this Meeting reviewing the competitiveness of CARICOM economies in the face of globalization. Research the extent to which the CARICOM Single Market and Economy (CSME) has established the region as a “more…
