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In the Melitz (2003) model all firms that find exporting profitable will also find it profitable to serve the domestic market.
True
False
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- You work for a Nova Scotia Company trying to successfully enter the cranberry market in Australia. Create an analysis on the entry country (Australia) based on the following; Are there any trade restrictions? This includes embargoes, quotas, import taxes, tariffs, licensing, and customs duties.Does the entry country require countertrade? Do they receive foreign aid?The Melitz (2003) model can account for positive selection of firms into export. True FalseIf you are the manager of a export firm, in order to achieve business diversification, you should focus on the country economies that have ______. A. high correlation of the country economies B. high variability of the country economies C. low correlation of the country economies D. zero variability of the country economies
- Discuss whether MNC’s will always be beneficial for the consumers and the economy of the host countryQuotas are better than tariffs because they lead to 'quality upgrading' which is good for the domestic consumer. Group of answer choices True FalseIt is often asserted that the United States no longer manufactures anything, and that instead it imports manufactured goods from countries like China. Critically evaluate both sides of this argument.
- In the Melitz (2003) model gains from trade only increase producer rents (make firms more profitable). True FalseAlice is the global marketing director for a multinational electronics manufacturing firm. She is assigned with the task of expanding the firm to large and growing international markets. Which of the following factors of international trade will benefit Alice's company a) International trade will provide the company with a comparative advantage. b) The company will benefit from the inflow of new, innovative ideas. C The company will benefit from a balance of trade. ) d) International trade will provide the company with an absolute advantage.Bilateral Agreements is a trade agreement between two nations True or false
- In the United States, imposing a tariff on imported vitamin D3 would: Group of answer choices increase total American consumption of vitamin D3. increase American consumption of domestically produced vitamin D3. reduce exports of vitamin D3. decrease domestic production of vitamin D3.For a large country import tariffs will yield a price increase for domestic consumer that is A higher than the tariff itself B equal to the tariff itself C smaller than the tariff itselfThe major export-promotion agency in the U.S. is: the State Department the Commerce Department the U.S. Export Administration the International Court of Trade the U.S. Export Control Agency