GBM 381 (NEW) Flashcards
(27 cards)
GBM 381 Complete Class
GBM 381 Intrenational Trade
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GBM 381 Week 1 DQ 1
What are the major trade theories? Select one and explain how this trade theory affects a country’s export trade. Why might a country adopt a particular trade theory in pursuing international trade?
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GBM 381 Week 1 DQ 2
One of the most difficult ideas to master in this class is the idea of comparative advantage. Absolute advantage is like a competitive or cost advantage. However, a country can have NO absolute advantages and still trade based on comparative advantage. What sense can you make out of that? http://www.homeworkrank.com/GBM-381/GBM-381-Week-1-DQ-2
GBM 381 Week 1 Individual Major Trade Theories Paper
Write a 700- to 1,050-word paper in which you compare the following major trade theories:
- Absolute advantage
- Comparative advantage
- Heckscher-Ohlin factor endowment
Select one of the major trade theories and answer the following question: What cultural, physical, economical, financial, and political impediments might prevent the successful application of your selected trade theory?
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
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GBM 381 Week 1 Quiz
- _____________ explains how mutually beneficial trade can take place even when one nation is less efficient than another nation in the production of all commodities.
Mercantilism The law of comparative advantage The labor theory of value The law of absolute advantage 2. The ability of one nation to produce a commodity using fewer resources than another nation is:
absolute advantage
comparative advantage
mercantilism
specialization
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GBM 381 Week 2 DQ 1
What are the foreign exchange markets? How does the foreign exchange market affect the global economy? How can you use the foreign exchange market to hedge risk?
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GBM 381 Week 2 DQ 2
What are the main exchange rate regimes? How do the exchange rate regimes affect international trade and investments? Is there a better exchange rate regime for promoting international trade and investment? Explain.
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GBM 381 Week 2 Individual Product Life Cycle Paper
Write a 1,400- to 2,100-word paper analyzing the how a company can use global markets to revive the life cycle of a product. In your analysis, include the following:
- Select a non-North American organization.
- Identify and describe one of the organization’s products that has reached its stage of maturity.
- Assess the available financial sources–public and private–in the home country to promote global investment for the selected product. The country in which your selected organization is headquartered will be referred to as your home country.
- Identify one optimal financing source–public or private–for the selected product and discuss its appropriateness.
- Assess the available financial sources–bilateral and multilateral–outside the home country to promote global investment. (If these sources are not available, make sure to define them first and then explain why they are unavailable.)
- Identify one optimal financing source–bilateral or multilateral–for the selected product and discuss its appropriateness. ((If these sources are not available, make sure to define them first and then explain why they are unavailable.)
- Identify two foreign markets for this mature product and discuss the possibility of extending this product’s life cycle in the selected markets.
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
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GBM 381 Week 2 Learning Team Trading Position Paper
Refer to the Trading Position Paper.
Select one country from each of the two categories and obtain faculty approval. Identify three natural resources and/or products that could be traded abroad based on the principles of comparative advantage for each of your selected countries. Then, determine the potential target market for each one of the selected natural resources and/or products.
Write a 1,050- to 1,750-word paper identifying the comparative advantages of each of the selected natural resources and/or products for your selected countries. Assess the overall effect on how these natural resources and/or products can cause a shift in each of the country’s current trading position to that of an enhanced global trading position with your selected target markets.
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
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GBM 381 Week 2 Quiz
GBM 381 Week 2 Quiz
A television costs 600 Canadian dollars (CAD) in Canada and 500 US dollars (USD) in the US. The exchange rate between the Canadian dollar and the US dollar is: 1.2 CAD per 1 USD 1.2 USD per 1 CAD .833 CAD per 1 USD Cannot determine
- An exchange rate is defined as:
the interest rate at which currencies can borrowed
the domestic currency price of the foreign currency
the ratio of export prices to import prices
The domestic currency price of a market basket of the most traded currencies in the world
- If the US dollar price of the Japanese yen changes from $1 per 100 yen to $1.50 per 100 yen, the dollar is said to have _____________ and the yen has ______________.
appreciated, depreciated depreciated, appreciated appreciated, appreciated depreciated, depreciated http://www.homeworkrank.com/GBM-381/GBM-381-Week-2-Quiz
GBM 381 Week 3 Assignments From the Text
Resource: Introduction to International Economics
Prepare answers to the following assignments from Introduction to International Economics:
Chapter 6: Review Questions and Problems- 4,5,6,7
Chapter 10: Review Questions and Problems - 1,2 &3
Click the Assignment Files tab to submit your assignment.
GBM 381 Week 3 DQ 1
What is a trade barrier? How does a trade barrier impede a country’s access to the export markets? Why would a country restrict trade when it is argued that free trade benefits all nations that engage in such activity and in the process maximizes world welfare?
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GBM 381 Week 3 DQ 2
There has been much discussion on the press lately about the barriers to trade between the US and Cuba. What was the primary purpose and motivation behind these barriers? Have they been effective in their intended goal?
PRESS, A. (2002, Mar 22). Momentum builds for U.S. to lift trade barriers with cuba; Telegraph - Herald Retrieved from http://search.proquest.com/docview/368167052?accountid
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GBM 381 Week 3 Learning Team Foreign Exchange Market Paper
Write a 1,050- to 1,750-word paper analyzing the role of the foreign exchange market in facilitating the global trading positions of the two countries that you selected in Learning Team Meeting One. Discuss the relative strength or weakness of the importing country’s currency relative to that of the exporting country.
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
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GBM 381 Week 3 Quiz
- If a US firm exports $7,000 of goods which are to be paid for within six months, using a double-entry bookkeeping system, what entries should be made in the US balance of payments?
Goods export - credit of $7,000; Capital outflow - debit of $7,000
Accounts Receivable - debit of $7,000; Inventory - credit of $7,000
Goods export - debit of $7,000; Capital outflow - credit of $7,000
Accounts Receivable - credit of $7,000; Inventory - debit of $7,000
- Which of the following are included in the current account?
Currently produced goods and services
Income on foreign investments
Unilateral transfers
All of the above
- Which of the following is an example of a deficit in the balance of payments?
The excess of debits over credits in the current and capital accounts
The excess of credits over debits in the current account
The excess of credits over debits in the capital account
Both b & c
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GBM 381 Week 4 Assignments From the Text
Resource: Introduction to International Economics
Prepare answers to the following assignments from Introduction to International Economics
Chapter 16: Review Problems, 1 & 6
Chapter 17: 1, 2, 8
Click the Assignment Files tab to submit your assignment.
http://www.homeworkrank.com/GBM-381/GBM-381-Week-4-Assignments-From-the-Text
GBM 381 Week 4 DQ 1
What are the major economic problems facing the world today?
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GBM 381 Week 4 DQ 2
What is the Bretton Woods System?
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GBM 381 Week 4 DQ 3
What is the mission of the WTO? How does the WTO function as a facilitator to global trade? What would happen in the global economy if the WTO did not exist?
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GBM 381 Week 4 DQ 4
What are the main UN entities that are involved in international trade? How do these entities function in promoting international trade? What are the opposing views of the UN to serve the needs of developing countries?
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GBM 381 Week 4 Learning Team Trade Barriers Paper
Write a 1,050- to 1,750-word paper examining potential trade barriers and how they affect market access to your target market, which you identified in Learning Team Meeting One. Then, identify the specific barriers to the natural resources and/or products by the target market and recommend how they may be overcome. Finally, analyze the role of economic integration in overcoming trade barriers.
Format your paper consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.
http://www.homeworkrank.com/GBM-381/GBM-381-Week-4-Learning-Team-Trade-Barriers-Paper
GBM 381 Week 4 Quiz
- The World Trade Organization was established by the ___________________ of multilateral trade negotiations.
- Kennedy Round
- Tokyo Round
- Uruguay Round
- Doha Round
- The Export-Import Bank of the US assists firms in selling overseas by providing direct loans to foreign purchasers of US goods. This serves as a(n) __________________ to US firms.
- specific subsidy
- import subsidy
- domestic subsidy
- export subsidy
- Real investment in factories, capital goods, land, and inventories where the investor retains control over the use of the invested capital is referred to as:
- Portfolio investment
- Direct investment
- Indirect investment
- Corporate investment
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GBM 381 Week 5 DQ 1
What are the differences between foreign aid and foreign assistance? What are some institutions that are involved in the dispensation of these services? How do you evaluate the effectiveness of these service organizations?
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GBM 381 Week 5 DQ 2
How would you define economic development? How can the stages of economic development serve as entry points for multinational firms? How can international trade act as an engine of growth for developing countries?
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