A company is considering establishing a subsidiary in a new host country and wishes to
prepare its expatriates to adapt to the local environment.
How should this company prepare its expatriates?
Negotiation
Operational training
Repatriation
Cultural Training - ANSWER-Cultural training
What happens to consumer surplus when tariffs and quotas are discontinued? -
ANSWER-They increase
Which type of tariff is put in place to specifically ensure that domestic industries are
given an advantage? - ANSWER-Protective
What is a benefit of implementing a system of free trade? - ANSWER-Reduced tariffs
would result in lower costs of imported raw materials.
How are free trade agreements handled differently than treaties in the United States? -
ANSWER-Treaties must be approved by the Senate, whereas a free trade agreement
must pass both houses of Congress.
Treaties must be approved by the Senate, whereas a free trade agreement must pass
both houses of Congress. - ANSWER-Tariffs
An airplane manufacturer outsources the manufacture of some its parts and subassemblies. They are then
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