ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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What will happen to a nation's economy or open market when there is a large new oil reserve has been discovered in that country?
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- If the United States has been selling more goods in the international market than it has been buying, this could be for all the following reasons except: foreign goods are often much cheaper The value of the U.S. dollar has fallen substantially The quality of foreign products is similar to that of U.S. products The values of foreign currencies are rising relative to that of the U.S. dollar Elroy Hatchard is the sole proprietor of a gift shop in a small shopping center. Because he is a sole proprietor, Elroy’s profit from the business is: Totally tax-free Taxed as personal income Not subject to state or local taxes Taxed only when it is distributed to investor All of the following are normally considered advantages of the corporate form of business organization except: Unlimited liability Perpetual life Ease of ownership change More money for investment The heavy influence of such federal agencies as the Federal Trade Commission, the Securities and…arrow_forwardYou're the CEO of a small company traveling to another country (assume a country of your choice) to complete a business deal with a foreign company. Your plane landed there on time, you're feeling fine, and everything seems to be going well. The cab driver, who doesn't speak much English, understood where you needed to go and started driving. He starts to listen to a Justin Bieber song and asks you in broken English what type of music you like. As your cab enters the hotel, you notice a McDonald's restaurant across the street with familiar golden arches. You check-in with your credit card, call your spouse from your iPhone and exchange some dollars at the money exchange place at the lobby of the hotel. You then get some take-out food from the McDonald's since you'll get plenty of opportunities to dine in local restaurants later on. When returning to your hotel room, you wonder why the instructor at the culture training class asked you to be careful about cultural differences when…arrow_forwardA small Canadian firm that has developed some valuable new medical products using its unique biotechnology know-how is trying to decide how best to serve the European Union. Its choices are given below. The cost of investment in manufacturing facilities will be a major one for the Canadian firm, but it is not outside its reach. If these are the firm’s only options, which one would you advise it to choose? Why? Manufacture the product at home and let foreign sales agents handle marketing. Manufacture the products at home and set up a wholly owned subsidiary in Europe to handle marketing. Enter into a strategic alliance with a large European pharmaceutical firm. The product would be manufactured in Europe by the 50–50 joint venture and marketed by the European firm. please help with this discussion postarrow_forward
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