Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

this is a 10 PART QUESTION! please solve ALL parts in order for me to get full credit! thanks so much Why has international trade

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
this is a 10 PART QUESTION!
please solve ALL parts in order for me to get full credit!
thanks so much
Why has international trade and investment increased in the past fifty years, especially in the giobal market? stronger national markets a decline in foreign direct investment dramatic lowering of trade barriers fewer competitive industry rivals How do firms benefit by dispersing important functions of production around the globe? They can improve quality standards. They can exploit differences in factors of production. They gain better protection for the home market. They gain better control of supply chains. Why has it been argued that the world's economic system is not one huge marketplace instead of distinct entities? Markets are now based on cultures, not national borders. Customers demand and use the same basic product offerings. Payments for goods and services are now electronic and instant. Countries are using a common currency. Why did former President Donald Trump withdraw from the Trans-Pacific Partnership? He wanted to increase leverage in renegotiating NAFTA. He wanted higher tariffs on items leaving the United States. to support protectionism for the United States to support Britain's exit from the European Union Under the presidency of Donald Trump, how did the position of the United States change in regard to international trade The Trump administration no longer supported lower barriers to cross-border trade. The Trump administration no longer sought trade with China. The Trump administration actively sought to lower trade barriers with the EU. The Trump administration wanted to secure North American trade partners. What impact has the Russian invasion of Ukraine had on their trade agreements and potential for foreign trade and investment? Russia continues to host favorable opportunities for international business. Russia has been closed off from international trade by sanctions. Russia, along with China, remains a major partner in the global economy. Russia remains a vibrant emerging market. What effect would increased state control of economic activity in China have on international business? Global production would increase. The Chinese market would experience higher import levels. Trade and investment flow would be expected to rise steadily. There would be new opportunities for non-Chinese trade. What do the small clusters of certain industries in specific countries suggest about competitive position in the global marketplace? Location has an important bearing on competitive position. Competitive position is dependent on local demand conditions. Industries prefer countries with stronger trade agreements. Western countries improve a firm's competitive position. According to Michael Porter, when will companies in a specific nation be most likely to succeed in industries or strategic groups? when customers are sophisticated and demanding when all attributes of national competitive advantage are favorable when there is a high degree of managerial sophistication and technological know-how when home demand provides the impetus for improving competitive advantage Why is domestic rivaliry important to the creation of national competitive advantage in an industry? It forces companies to determine where their most significant global competitors are. It forces companies to focus on maximizing short-term financial returns. It forces companies to improve efficiency. It forces companies to rethink management ideologies

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Horngrens Cost Accounting A Managerial Emphasis

Authors: Srikant Datar, Madhav Rajan

16th Global Edition

1292211547, 9781292211541

More Books

Students also viewed these Accounting questions

Question

What is an automatic premium loan?

Answered: 1 week ago

Question

Log on to the Canberra computer with the Kim_Akers account. LO.1

Answered: 1 week ago