Financial
Does high inflation increase or decrease a currency's purchasing power?
Decrease
MNCs and international corporations often hire ______ when expanding market campaigns and slogans to new markets.
Translators
- Taxes & changes made to them
- Government spending
- Regulation
- Currency valuation
- Trade tariffs
- Labor laws
Who issues reports every quarter that identify high-risk locations with weak measures to combat money laundering and terrorist financing?
Financial Action Task Force (FATF)
Which two countries are tied for 1st place with the most "natural catastrophes"?
Japan & New Zealand
What kind of laws protect the development of knowledge-based industries?
Intellectual property laws.
What is the formula for calculating PPP, and what to the variables stand for?
S = P1/P2
S = Exchange Rate
P1 = Cost of good X in currency 1
P2 = Cost of good X in currency 2
What is McDonaldization?
Rationalization of predictability, calculability, efficiency, and control (these are all characteristics of McDonald's and other fast-food restaurants).
What ensures stability and ethical practices in all trade operations globally?
International trade compliance.
Which Western-European country has the most expensive price for a gram of cocaine?
Bonus 500 points: What is that country's price for a gram of cocaine in USD?
Finland, $112/gram