Which of the following is a component of the European Union? а. Security Council b. General Assembly С. Council of Ministers d. International Court of Justice

1. Write short notes on approaches to International Business?

Please no written by hand solutions Nationalism and protectionism characterized the international business dynamics of the early twentieth century. Please search for current news sources that highlight the rise of protectionism or nationalism in Canada or the United States.

a. Discuss the advantages and disadvantages of free trade agreements for participating countries.

In a short essay, describe what is Trans-Pacific Partnership (TPP) and explain your view on whether the USA should be a member or not.

What would someone who supports protectionism likely say? A. The United States should end tariffs so consumers see more competitive prices on imported goods and services. B. The United States should end quotas so consumers can have greater access to more imported goods and services. C. The United States should increase subsidies to domestic producers so they can produce more at more competitive prices. D. The United States should pursue free trade agreements with all of the major trading partners to maintain peaceful relationships.

Why do governments so often choose to protect favored industries with tariffs? Group of answer choices The economic benefits to the industries are larger than the costs to demanders. The gains from protection are enjoyed by many, while the costs are borne by only a few. The few who gain from protection each gain a lot, while the many who lose each lose only a little. The economic benefits to the industries are larger than the cost to government.

Production Data Country of Joem - Production Possibilities Corn (tons) Sugar (tons) 01 2 3 4 8 6 4 2 0 Country of Annia - Production Possibilities Corn (tons) Sugar (tons) 0 1 2 3 4 16 12 8 4 0 Preferred Bundle without trade Joem Annia Corn (tons) 2 2 Sugar (tons) 4 8 SCENARIO: You work for a consulting firm that advises countries on trade policy. The countries of Joem and Annia both produce corn and sugar. You have been asked to analyze the opportunity costs and comparative advantages to recommend an efficient trading relationship. Consider the production data provided. Prepare a brief report that: 1. Calculate and compare the opportunity costs of producing 1 unit of corn and 1 unit of sugar in each country. Which country has the lower opportunity cost for each good? 2. Determine which good each country has a comparative advantage in producing sugar and which one has a comparative advantage in producing corn. Explain your analysis. 3. Recommend a trading relationship that allows the…

Discuss the economic principles / theories associated with international business?

3. Heckscher-Ohlin theorem, Stolper-Samuelson theory, and opinions about free trade Suppose Serbia becomes a member of the European Union. As a result, Serbia's exports of textiles (which are intensive in labor) and its imports of wheat (which are intensive in land) both increase. According to the Heckscher-Ohlin theory, Serbia is abundant in Consistent with the Heckscher-Ohlin theory and the Stolper-Sar in the European Union? Check all that apply. 0 0 0 0 Capital owners in textile production Consumers Capital owners in wheat production Workers in wheat production land both labor and capital capital land both land and capital both labor and land labor of the following groups in Serbia will support its membership