1.Whether practiced domestically or internationally, franchising tends to what e
ID: 1096505 • Letter: 1
Question
1.Whether practiced domestically or internationally, franchising tends to what encounter a general risk or problem with?
2.There are different motives for foreign market entry. Japanese auto makers such as Nissan have usually located design operations in Southern California. Is this a good example of Market seeking?
3.Why are GDP per capita for less developed countries higher when PPP rates are used (rather than exchange rates) to convert their currencies to dollars?
4.Why are GDP per capita for developed countries lower when PPP rates are used (rather than exchange rates) to convert their currencies to dollars?
5.Ceteris paribus, an increase in a country
Explanation / Answer
1).
Soviet foreign trade played only a minor role in the Soviet economy. In 1985, for example, exports and imports each accounted for only 4 percent of the Soviet gross national product. The Soviet Union maintained this low level because it could draw upon a large energy and raw material base, and because it historically had pursued a policy of self-sufficiency. Other foreign economic activity included economic aid programs, which primarily benefited the less developed Council for Mutual Economic Assistance (COMECON) countries of Cuba, Mongolia, and Vietnam, and substantial borrowing from the West to supplement hard-currency export earnings.[1]
The Soviet Union conducted the bulk of its foreign economic activities with communist countries, particularly those of Eastern Europe. In 1988 Soviet trade with socialist countries amounted to 62 percent of total Soviet foreign trade. Between 1965 and 1988, trade with the Third World made up a steady 10 to 15 percent of the Soviet Union's foreign trade. Trade with the industrialized West, especially the United States, fluctuated, influenced by political relations between East and West, as well as by the Soviet Union's short-term needs. In the 1970s, during the period of d
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