10 questions international business

Chapter Two The Nature of International Business

Question 4: Which factors should a firm consider before it decides to conduct business internationally?

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Question 5: When might a corporation go international using a joint venture approach rather than a wholly owned subsidiary approach? Give an example.

Question 6: Discuss the methods governments use to protect their domestic business environments.

Chapter Three Theories of Trade and Economic Development

Question 7: What are the fallacies of the theory of mercantilism?

Question 8: Discuss the differences between a free-market economy and a centrally planned economy. What type of economy exists in Japan?

Question 9: Select a country from the first world and the third world and compare the following elements. What do you find similar/different?

Chapter Four International Monetary System and the Balance of Payments

Question 10: What is the difference between a hard currency and a soft currency?

Question 11: Describe the Bretton Woods Agreement. What position did gold hold in this system?

Question 12: Outline the structure of the International Monetary Fund. What are its aims? What is conditionality?

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