Theme 4 part 1

Question 1

Drawback of a recession line of analysis

Answer 1

Question 2

However – long term potential benefit of a recession…

Answer 2

Question 3

However – spread risk can reduce the impact of a recession…

Answer 3

Question 4

Positive impact of a boom

Answer 4

Question 5

Negative impact of a boom

Answer 5

Question 6

The effect of economic uncertainty on the business environment

Answer 6

Question 7

Emerging Economies - opportunity for UK businesses

Answer 7

Question 8

However, the drawback of emerging economies (industrialisation)

Answer 8

Question 9

However, the cost of targeting emerging economies

Answer 9

Question 10

Benefit - Exports

Answer 10

Question 11

Drawback - Exports

Answer 11

Question 12

Benefit - Imports

Answer 12

Question 13

Drawback - Imports

Answer 13

Question 14

Benefit of when a country specialises in an industry

Answer 14

Question 15

However a drawback of When a country specialises in an industry

Answer 15

Question 16

Benefit of FDI Increased Productivity

Answer 16

Question 17

Benefit of FDI Increased domestic demand

Answer 17

Question 18

Drawback of FDI - Increased competition

Answer 18

Question 19

Drawback of FDI– Increased cost

Answer 19

Question 20

Tariffs – benefit for domestic businesses

Answer 20

Question 21

Tariffs – increased FDI

Answer 21

Question 22

Drawback of Tariffs - Inflation

Answer 22

Question 23

Drawback of Tariffs – reduced exports

Answer 23

Question 24

Imports Quotas – benefit

Answer 24

Question 25

Imports Quotas – drawback – inflation

Answer 25

Question 26

Subsidies - benefit

Answer 26

Question 27

Government Legislation as a protectionist policy - drawback

Answer 27

Question 28

Subsidies – drawback

Answer 28

Question 29

Government Legislation as a protectionist policy

Answer 29

Question 30

Factors Contributing to Increased Globalisation - Reduction of international trade barriers/trade liberalisation

Answer 30

Question 31

Factors Contributing to Increased Globalisation -Political change

Answer 31

Question 32

Factors Contributing to Increased Globalisation -Reduced cost of transport (containerisation)

Answer 32

Question 33

Factors Contributing to Increased Globalisation -Reduced cost of communication

Answer 33

Question 34

Factors Contributing to Increased Globalisation -Increased significance of global (transnational) companies

Answer 34

Question 35

Factors Contributing to Increased Globalisation -Increased investment flows (FDI)

Answer 35

Question 36

Factors Contributing to Increased Globalisation -Migration (within and between economies)

Answer 36

Question 37

Factors Contributing to Increased Globalisation -Growth of the global labour force

Answer 37

Question 38

Factors Contributing to Increased Globalisation -Structural change

Answer 38

Question 39

Expansion of trading blocs: Benefit – increased demand

Question 40

Expansion of trading blocs:Benefit – lower costs of sales

Question 41

Expansion of trading blocs:Drawback

Question 42

Factors that prompt trade analysis – push factors: Saturated market

Question 43

Factors that prompt trade analysis – push factors: Increased competition

Question 44

Factors that prompt trade analysis – pull factors: Risk spreading

Question 45

Factors that prompt trade analysis – pull factors: However

Question 46

Factors that prompt trade analysis – pull factors: Economies of scale (however)

Question 47

Offshoring leading to international trade – differentiation

Question 48

Offshoring leading to international trade – lower unit costs

Question 49

Offshoring leading to international trade – lower unit costs..however

Question 50

Outsourcing leading to international trade – differentiation

Question 51

Outsourcing leading to international trade – lower unit costs

Question 52

Outsourcing leading to international trade – lower unit costs however