Introduction to Business
OER 2018 Edition
ISBN: 9781947172548
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 3.3, Problem 2CC
Describe several tariff and nontariff barriers to trade.
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Chapter 3 Solutions
Introduction to Business
Ch. 3.1 - What is global vision, and why is it important?Ch. 3.1 - What impact does international trade have on the...Ch. 3.1 - Explain the impact of a currency devaluation.Ch. 3.2 - Describe the policy of free trade and its...Ch. 3.2 - Why do people fear globalization?Ch. 3.2 - What are the benefits of globalization?Ch. 3.3 - Discuss the concept of natural trade barriers.Ch. 3.3 - Describe several tariff and nontariff barriers to...Ch. 3.4 - Describe the purpose and role of the WTO.Ch. 3.4 - What are the roles of the World Bank and the IMF...
Ch. 3.5 - Explain the pros and cons of NAFTA.Ch. 3.5 - What is the European Union? Will it ever be a...Ch. 3.6 - Discuss several ways that a company can enter...Ch. 3.6 - Explain the concept of countertrade.Ch. 3.7 - Explain how political factors can affect...Ch. 3.7 - Describe several cultural factors that a company...Ch. 3.7 - How can economic conditions affect trade...Ch. 3.8 - What is a multinational corporation?Ch. 3.8 - What are the advantages of multinationals?Ch. 3.9 - What trends will foster continued growth in world...Ch. 3.9 - Describe some of the ways businesses can take...Ch. 3 - The executives of a clothing manufacturer want to...Ch. 3 - Do you think that MTV's future lies mostly in its...Ch. 3 - What types of political, economic, and competitive...Ch. 3 - How has MTV Networks International overcome...
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Similar questions
- Which considerations are considered when classifying goods for tariff purposes?arrow_forwardYou have been exposed to the classical theories and Modern Theories of Trade.I. Discuss two (2) Classical Theories of Trade II. Discuss two (2) Modern Theories of Trade III. In your view which of these theories can be relied on today for successful international trade.arrow_forwardBriefly examine the essence of trade in development and especially ways and means of supporting the trade practices .arrow_forward
- As a customs broker or customs consultant, please list and discuss ten elements or factors of advise you would give to an importer, with respect to importing commercial goods into Canada. Further, please list five most important sections of the Customs Act that your importer should be aware and be diligent.arrow_forwardReferring to Article I, Section 8 of the US Constitution, how would you define "commerce among the several states"? For example, does it include local telephone service? Your family physician? The Corner Drug Store? Why or Why Not?arrow_forwardDefine foreign customers and Importerarrow_forward
- Outline the distinctive features of the different types of regional trading arrangementsarrow_forwardMention and explain the role of at least two (2) organizations that promote economic development and international trade.arrow_forwardWhat are the major reasons that organizations use to ban or blacklist some of the listed or established suppliers.arrow_forward
- Economic analysis of ireland concerning recycling productsarrow_forwardI have the answer but can you change it and add more information if neede whose interests should be the paramount concern of government trade policy—the interests of producers (businesses and their employees) or those of consumers? Defend your answer! Government trade policy should be concerned with consumers more , because if trade policy favour producers and protect them from foreign competiiton, producers will not try to innnovate in absence of competition from better foreign goods as well as they may charge higher price and exploit consumers. If trade policy is concerned about consumers and open the trade, new goods will be imported at lower price and consumers will have more options. i know employees of the business may get hurt due to the increase in import and they may loose their jobs due to less demand for domestic goods. but when trade is opened, MNCs also enter the domestic market which may increase job opportunities for class of labor or employees. so Govt should favor…arrow_forwardIn the article“The Philippine Rice Tariffication Law: Implications and issues” By Annette M. Tobias, what is rice tariffication law, the 2 most important provision under the Rice Tarrification Law and the 3 advantages and disadvantages in Philippind Economyarrow_forward
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