____ are restrictions on the quantity of goods brought into a country.
What is IMPORT QUOTAS
100
When entering foreign markets, basic entry choices include:
What is exporting, licensing, and FDI
100
A policy to assist strategic advantage is known as:
What is STRATEGIC TRADE POLICY
100
The relative advantage in one economic activity that one nation enjoys in comparison with other nations is known as:
What is the Theory of Competitive Advantage
100
As a major tariff barrier, a(n) ____ is a tax imposed on imports.
What is an import tariff
200
The aggregation of importing and exporting by both sides leads to a:
What is a balance of trade and a trade surplus or deficit
200
The theory of absolute advantage is:
What is the economic advantage one nation enjoys that is absolutely superior to other nations.
200
What is a sovereign wealth fund?
What is a state-owned investment fund funded by foreign exchange assets
200
The idea that governments should actively protect domestic industries from imports and vigorously promote exports represents:
What is protectionism
200
Costs of FDI to home countries primarily center on:
What is capital and job loss
300
MNEs' possession and leveraging of certain valuable, rare, hard-to-imitate, and organizationally embedded (VRIO) assets overseas in the context of FDI refer to:
What is ownership advantage
300
Which of the following is the first theory to incorporate dynamic changes in patterns of trade?
What is PRODUCT LIFE CYCLE
300
The primary costs of FDI to host countries are:
What is loss of sovereignty, adverse effects on competition, and capital outflow
300
Knowledge that can be written down and transferred without losing much of its richness is known as:
What is explicit
300
The share of FDI-based value added of foreign affiliates of MNEs in world GDP:
What is rose from 7% in 1990 to 11% in 2010
400
The amount of FDI moving in a given period in a certain direction is:
What is FDI flow
400
The factor endowment theory is identified as:
What is the proposition that nations will develop comparative advantage based on their locally abundant factors.
400
The birth of modern economics and the forerunner of the free trade movement are strengths and influences of:
What is ABSOLUTE ADVANTAGE
400
____ suggests that FDI, unrestricted by government intervention, will enable countries to tap into their absolute or comparative advantage by specializing in the production of certain goods or services.
What is the free market view
500
Political arguments against free trade include:
What is National security, consumer perception, foreign policy, and environmental and social responsibility
500
Although American movies dominate the world market, ____ limit the market share of American movies to protect their domestic movies.
What is FRANCE, SOUTH KOREA AND CANADA
500
Since the 1980s, countries such as Brazil, China, Hungary, India, Ireland, and Russia have adopted:
What is FDI friendly policies
500
When one firm enters a foreign country through FDI, its rivals are likely to follow by undertaking additional FDI in a host country to:
What is acquire location advantages or neutralize the first mover’s location advantages
500
Widely practiced during the 1600s and 1700s, ____ viewed international trade as a zero-sum game.