ESSENTIALS OF ECONOMICS
11th Edition
ISBN: 9781260225334
Author: SCHILLER
Publisher: RENT MCG
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Question
Chapter 1, Problem 8P
To determine
(a)
To calculate: The output devoted by North Korea on the military.
To determine
(b)
To find:The nation which spends more on the military.
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Please can you answer questions 32, 33 and 36, please?
32) Which of the following explains why China has received relatively high levels of FDI?
A) All of the above
B) Heavy investment by the government
C) The economy is growing rapidly
D) It is a huge economy, with a massive population
33) Transfer pricing may be a problem for host countries as
A) profits may not be accurately recorded as occurring in the host country.
B) the cost of exchanging one currency for another is costly in monetary terms and time.
C) prices are transferred to the local currency resulting in losses if exchange takes place on a day when the exchange rate is 'low'.
D) profits are always removed to the host country
36) An automatic fiscal stabiliser is
A) a monetary or fiscal policy that aims to smooth out the business cycle.
B) the tendency for inflation to fall as unemployment rises.
C) a tax or form of government expenditure that has the effect of reducing the size of the multiplier.
D)…
Answers the questions from options.
( ) 1. The lowering of trade and investment barriers:
protects domestic industries from foreign competition.
was not an agenda of the Uruguay Round.
allows firms to base production at optimal locations outside their home country.
creates an unfavorable environment for FDI.
( ）2. Which of the following is an advantage of choosing exporting as a mode of entry
into foreign markets?
A firm can avoid the cost of establishing manufacturing operations in the host country.
A firm shares the development costs and risks with its host partner.
A firm can earn returns from process technology skills in countries where FDI is restricted.
A firm has access to local partner's knowledge.
( )3. n which of the following modes of entry into foreign markets does a firm agree to set up an operating plant for a foreign client and hand over the plant when it is fully operational?
Franchising agreement B. Turnkey project
Licensing…
A and B are best friends for almost 20 years already. They live next to each other and hang out with each other everyday. One day, A did not go out of the house so B was worried.
B went inside the house of A and found that A was lying unconsciously on the floor. He called for an ambulance and brought A to the hospital. However, A was declared dead on arrival by the hospital.
Since all the children of A are residing abroad, B took care of the funeral preparations. After the burial, B asked the children of A for the payment of the funeral expenses.
a. Are the children of A liable for the funeral expenses? Why?
b. What is the source of the obligation of the liabilities of the children of A, if any?
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