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Question 1

GBM 381 Week 5 Quiz
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Answer 1

GBM 381 Week 5 Quiz
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Name 3 measure of economic development and briefly describe how they are used to measure developement.

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Question 2

GBM 381 Week 5 Learning Team International Financial Organizations Paper and Presentation
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Answer 2

GBM 381 Week 5 Learning Team International Financial Organizations Paper and Presentation
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Resources: Previous Learning Team assignments

Write a 2,000- to 2,500-word paper. First, summarize your findings from your previous Learning Team assignments. The summary of your previous Learning Team Assignments should only comprise the first 700 to 1,050 words of your paper. Then, evaluate the roles of international financial organizations and explain their effect on international trade and investments regarding the stages of economic development. Determine how these organizations can facilitate the exporting country’s trading opportunities. Discuss at least two measurement strategies that can be used to gauge your selected exporting country’s economic development.

Prepare 8–10 Microsoft® PowerPoint® slides illustrating your evaluation.

Format your paper consistent with APA guidelines.

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Question 3

GBM 381 Week 5 Individual Global Organization Analysis
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Answer 3

GBM 381 Week 5 Individual Global Organization Analysis
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Resource: WTO website

Write a 1,050- to 1,750-word analysis of the WTO. In your analysis, include the following:

• Explain its role in promoting international trade.
• Cite at least one recent example reflecting the organization’s involvement in promoting international trade.
• Compare and contrast the role of the WTO with that of a regional organization, such as the Asian Development Bank, African Development Bank, Latin American Development Bank, and the European Bank for Reconstruction and Development.

Use the WTO website, http://www.wto.org, as a reference.

Format your paper consistent with APA guidelines.

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Question 4

GBM 381 Week 5 DQ 2
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Answer 4

GBM 381 Week 5 DQ 2
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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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Question 5

GBM 381 Week 5 DQ 1
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Answer 5

GBM 381 Week 5 DQ 1
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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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Question 6

GBM 381 Week 4 Quiz
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Answer 6

GBM 381 Week 4 Quiz
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1. The World Trade Organization was established by the ___________________ of multilateral trade negotiations.
2. Kennedy Round
3. Tokyo Round
4. Uruguay Round
5. Doha Round
6. 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.
7. specific subsidy
8. import subsidy
9. domestic subsidy
10. export subsidy
11. 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:
12. Portfolio investment
13. Direct investment
14. Indirect investment
15. Corporate investment
16. SHORT ANSWER
    Describe why monetary policy under a fixed exchange rate system is ineffective.
17. SHORT ANSWER
    What are some main differences in the missions of the WTO and the UN?

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Question 7

GBM 381 Week 4 Learning Team Trade Barriers Paper
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Answer 7

GBM 381 Week 4 Learning Team Trade Barriers Paper
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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.

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Question 8

GBM 381 Week 4 DQ 4
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Answer 8

GBM 381 Week 4 DQ 4
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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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Question 9

GBM 381 Week 4 DQ 3
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Answer 9

GBM 381 Week 4 DQ 3
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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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Question 10

GBM 381 Week 4 DQ 2
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Answer 10

GBM 381 Week 4 DQ 2
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What is the Bretton Woods System?

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Question 11

GBM 381 Week 4 DQ 1
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Answer 11

GBM 381 Week 4 DQ 1
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What are the major economic problems facing the world today?

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Question 12

GBM 381 Week 4 Assignments From the Text
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Answer 12

GBM 381 Week 4 Assignments From the Text
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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
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Question 13

GBM 381 Week 3 Quiz
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Answer 13

GBM 381 Week 3 Quiz
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1. 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

2. 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

3. 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
4. ____________ have historically been the most important and most used type of trade restriction.

Quotas
Domestic content requirements
Import tariffs
Export tariffs

5. A(n) __________ is a tax or duty levied on the traded commodity as it enters a nation.

ad valorem tariff
compound tariff
optimum tariff
import tariff

6. The difference between what consumers would be willing to pay for each unit of commodity and what they actually pay for that unit is called ____________.

producer surplus
consumer surplus
reservation price
import tariff

7. If Japan is accused of dumping televisions into the US market, it is believed that Japan is:

selling TVs in the US for a price above production costs
selling TVs in the US for a price below production costs
producing TVs cheaper than the US can produce them
producing TVs at a higher cost than the US produces them
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Question 14

GBM 381 Week 3 Learning Team Foreign Exchange Market Paper
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Answer 14

GBM 381 Week 3 Learning Team Foreign Exchange Market Paper
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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.

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Question 15

GBM 381 Week 3 DQ 2
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Answer 15

GBM 381 Week 3 DQ 2
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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 fromhttp://search.proquest.com/docview/368167052?accountid

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Question 16

GBM 381 Week 3 DQ 1
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Answer 16

GBM 381 Week 3 DQ 1
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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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Question 17

GBM 381 Week 3 Assignments From the Text
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Answer 17

GBM 381 Week 3 Assignments From the Text
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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
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Question 18

GBM 381 Week 2 Quiz
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Answer 18

GBM 381 Week 2 Quiz
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 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

2. 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

3. 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

4. A foreign currency is said to have appreciated against the dollar when:

the dollar price of the currency has increased
the foreign currency price of the dollar has increased
the exchange rate of both currencies with respect to the euro has increased
the exchange rate for both currencies with respect to a third currency has decreased

5. If you have a commitment to pay a friend in Britain 1,000 pounds in 30 days, and you are holding US dollars, you could remove the risk of loss due to the appreciation of the pound by:

Buying dollars in the 30-day forward market
Selling dollars in the 30-day forward market
Buying pounds in the 30-day forward market
Selling pounds in the 30-day forward market

6. Suppose the exchange rate of the British pound is $1.75 per pound while the exchange value of the Swiss franc is $0.667 cents per franc. The cross exchange rate between the pound and the franc is:

.381 franc per pound
1.167 francs per pound
Cannot determine
2.624 francs per pound

7. Which of the following will cause a nation’s currency to depreciate?

Economic downturns, especially in times of depression
An increase in its price level (inflation)
An increase in the interest rate
All of the above

8. Which of the following would occur if the price level in the US increases relative to the UK, and before this increase the dollar was in exchange rate equilibrium with the sterling?

The United States will now find imports from the UK cheaper
The US will now demand fewer pounds
UK citizens will supply more pounds to the US
All of the above

9. Which of the following would occur if the interest rate in the United States fell relative to that in the UK, and before this change the dollar was in an exchange rate equilibrium with the sterling?

The United States will now demand fewer imports
The United States will now demand fewer pounds
The UK will supply fewer pounds to the US
None of the above
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Question 19

GBM 381 Week 2 Learning Team Trading Position Paper
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Answer 19

GBM 381 Week 2 Learning Team Trading Position Paper
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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.

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Question 20

GBM 381 Week 2 Individual Product Life Cycle Paper
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Answer 20

GBM 381 Week 2 Individual Product Life Cycle Paper
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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.

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Question 21

GBM 381 Week 2 DQ 2
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Answer 21

GBM 381 Week 2 DQ 2
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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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Question 22

GBM 381 Week 2 DQ 1
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Answer 22

GBM 381 Week 2 DQ 1
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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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Question 23

GBM 381 Week 1 Quiz
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Answer 23

GBM 381 Week 1 Quiz
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1. _____________ 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

3. According to the following table, the US can gain from trade with the UK by getting how much cloth for 9 bushels of wheat?

U.S.

U.K.

Wheat (bushels/hr)
9

3

Cloth (yards/hr)
5

4

Only less than 12 yards of cloth
Only greater than 9 yards of cloth
Anything less than 5 yards of cloth
Anything greater than 5 yards of cloth

4. In a two-nation world, if Nation A’s export prices increase relative to their import prices, which of the following will occur?

Terms of trade improve for both nations
Terms of trade worsen for Nation A and improve for their trade partner
Terms of trade improve for Nation A and worsen for their trade partner
Terms of trade worsen for both nations

5. Which of the following would least likely apply to the product cycle theory?

Digital cameras
Coal
Televisions
Computers
 6.  Mexico is relatively abundant in labor, while Canada is relatively abundant in capital.  In both nations, the production of televisions is relatively more capital intensive than the production of corn.  According to the factor endowment theory, Mexico will have a(n):

absolute advantage in the production of corn and computers
absolute advantage in the production of corn
comparative advantage in the production of corn
comparative advantage in the production of computers
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Question 24

GBM 381 Week 1 Individual Major Trade Theories Paper
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Answer 24

GBM 381 Week 1 Individual Major Trade Theories Paper
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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.

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Question 25

GBM 381 Week 1 DQ 2
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Answer 25

GBM 381 Week 1 DQ 2
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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?

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Question 26

GBM 381 Week 1 DQ 1
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Answer 26

GBM 381 Week 1 DQ 1
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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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Question 27

GBM 381 Complete Class
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Answer 27

GBM 381 Complete Class
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