wgu - D080

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28 terms Ter Practice questions for this set Learn1 / 7Study using Learn The theory that a company will seek to exploit opportunities in those countries most similar to its home country because of the perceived need to make fewer operating adjustments IMF's major functions, goals, and conditionsThe IMF's major function is to provide money to countries in need, when they were first created their goal was to stabilize exchange rates. However, since then there goal had evolved to help countries grow, establish trade, and reduce poverty. The only condition that the IMF has is that the country in question change their financial practices.Choose an answer 1IMF's major functions, goals, and conditions 2Revenue tariffs 3Comparative advantage4Country Similarity Theory Don't know?

The World Bank's major functions, goals, and criticisms. The world bank's goal is to help developing countries with their economy by raising productivity. In order to reach this goal the world bank gives loans to developing countries and creates strategies to reduce poverty.World Trade OrganizationManages trade agreement and policies. Reaches out to developing nations. An important aspect of the WTO is the Uruguay Round of Trade which lowered tariffs and created protection for intellectual property.MerchantilismThe belief that money equals power, sell more than buy, more export than import Comparative advantagethe ability of an individual, a firm, or a country to produce a good or service at a lower opportunity cost than competitors Heckscher-Ohlin TheoryCountries will sell products that are easy for them to make, but will buy products that are hard to make Country Similarity TheoryThe theory that a company will seek to exploit opportunities in those countries most similar to its home country because of the perceived need to make fewer operating adjustments Global strategic rivalry theoryIn order for a company to survive they must have comparative advantages Specializationthe development of skills in a specific kind of work What are the concerns on free trade on free trades impact on manufacturing jobs and developing nations and labor rights in developing nations?For developing nations, free trade can result in dangerous work conditions for employees. Child work long hours in hot temperatures with little to no regard for there safety.import tariffstaxes on imports export tariffa tax placed on the export of a good Protective tariffstaxes that would make imported goods cost more than those made locally Revenue tariffstaxes designed to raise funds for the importing government Specific tariffstariff levied as a fixed charge for each unit of good imported Ad Volorem TariffTaxes, expressed as both a percentage and a set amount