4. A major impediment to economic integration is the loss of sovereignty it enta
ID: 1131459 • Letter: 4
Question
4. A major impediment to economic integration is the loss of sovereignty it entails. 6. Porter explains the United States' loss of competitiveness in engineering-based industries where manufacturing processes and product design issues are critical as a consequence of A. differing management ideologies. B. differing factor endowments. C. differing D. chance. demand conditions. 15. John Dunning, a champion of the eclectic paradigm, argues that: A. the firms that pioneer a product in their home markets undertake FDI to produce a product for consumption in a foreign market. B. when a firm that is part of an oligopolistic industry expands into a foreign market, other firms in the industry will be compelled to make similar investments. C. combining location-specific assets or resource endowments and the firm's own unique assets often requires FDI D. impediments to the sale of know-how increase the profitability of FDI relative to licensing. 23. The Bretton Woods Agreement could only work if the U.S. had: A. high inflation and no balance-of-payments deficit. B. low inflation and no balance-of-payments deficit. C. low inflation and a current account deficit D. high inflation and a capital account surplus. 24. The great virtue claimed for a pegged exchange rate is that it A. imposes monetary discipline on a country B. leads to high inflation. C. leads to devaluation. D. increases fluctuations in exchange rates. 26. An equity loan: A. does not give its holder a claim to a firm's profit B. is made when a corporation sells stock to investors. C. includes cash loans from banks and funds raised from the sale of corporate bonds to investors. D. requires the corporation to repay a predetermined portion of the loan amount at regular intervals regardless of how much profit it is making.Explanation / Answer
4. Reluctance to surrender political sovereignty is a major impediment to economic integration. The political right would not dilute national identity. The effect may be greater immigration and adoption of a single currency. The left opposes capitalist integration. Surrendering economic sovereignty may lead to loss of economic freedoms, depreciation escape route, and, ability to determine its own tax.
6. A. differing management ideologies
National competitive advantage is due to intensity of rivalry, local demand conditions, factor endowments, and, competitiveness of related and supporting industries
15. D impediments to the sale of know-how increase the profitability to FDI relative to licensing
23. D high inflation and current account surplus
24. A. Monetary discipline
26. A. does not give its holder a claim to a firm's profit stream.
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