INTB EXAM 2 2026 UPDAE
QUESTIONS AND CORRECT
VEIFIED ANSWERS ALREADY
GRADED A+
However, the execution of the contract has been delayed due to certain
unproductive, bureaucratic procedures in the less developed nation. In
order to legally overcome this problem, Brian wing Inc. could resort to the
payment of: - ANS-speed money
Which of the following refers to the idea that business people should
consider the social consequences of economic actions when making
business decisions, and that there should be a presumption in favor of
decisions that have both good economic and social consequences? - ANS-
Social responsibility
Unipeg Corporation has uniform high sales targets for its employees all
across the globe, regardless of the environmental constraints in each
market. Employees are penalized for any shortfall. This has caused many
employees to falsify the values of their sales. In this context, the roots of
unethical behavior can be traced to: - ANS-Unrealistic performance
expectations
An American manager of a multinational company who is working in one
of the company's production plants located in the country of Cadmia,
employs child labor at the manufacturing unit he is in charge of. On being
criticized as unethical, the manager argues that such actions are ethically
defensible because everyone in Cadmia is doing it. Which of the following
straw men approaches to ethics is most likely demonstrated by the
manager? - ANS-The naive immoralist
, "An inconsistency in the mercantilist doctrine, as pointed out by David
Hume, is that: " - ANS-"in the long run, no country could sustain a
surplus on the balance of trade."
"Palladia specializes in the production of beef and produces beef more
efficiently than any other country. It buys wheat, which it produces less
efficiently than beef, from Rhodia, even though it produces wheat more
efficiently than Rhodia. Which of the following theories of international
trade supports Palladia's decision to buy wheat from Rhodia? " - ANS-
Ricardo's theory of comparative advantage
According to the new trade theory: - ANS-a country may predominate in
the export of a good because it has firms that were among the first to
produce that good.
Porter argues that a nation's firms gain competitive advantage if their
domestic consumers are: - ANS-sophisticated and demanding.
The difference between Ricardo's theory and the Heckscher-Ohlin theory
is that the Heckscher-Ohlin theory: - ANS-argues that the pattern of
international trade is determined by differences in national factor
endowments.
The threat of antidumping action: - ANS-limits the ability of a firm to
use aggressive pricing to gain market share in a country.
"The WTO was encouraged to extend its reach to encompass regulations
governing foreign direct investment, something the GATT had never done.
Two of the first industries targeted for this reform were: " - ANS-global
telecommunication and financial services industries.
Which of the following is an argument against embracing strategic trade
policy? - ANS-It increases the prices of the products for the
domestic consumers.
QUESTIONS AND CORRECT
VEIFIED ANSWERS ALREADY
GRADED A+
However, the execution of the contract has been delayed due to certain
unproductive, bureaucratic procedures in the less developed nation. In
order to legally overcome this problem, Brian wing Inc. could resort to the
payment of: - ANS-speed money
Which of the following refers to the idea that business people should
consider the social consequences of economic actions when making
business decisions, and that there should be a presumption in favor of
decisions that have both good economic and social consequences? - ANS-
Social responsibility
Unipeg Corporation has uniform high sales targets for its employees all
across the globe, regardless of the environmental constraints in each
market. Employees are penalized for any shortfall. This has caused many
employees to falsify the values of their sales. In this context, the roots of
unethical behavior can be traced to: - ANS-Unrealistic performance
expectations
An American manager of a multinational company who is working in one
of the company's production plants located in the country of Cadmia,
employs child labor at the manufacturing unit he is in charge of. On being
criticized as unethical, the manager argues that such actions are ethically
defensible because everyone in Cadmia is doing it. Which of the following
straw men approaches to ethics is most likely demonstrated by the
manager? - ANS-The naive immoralist
, "An inconsistency in the mercantilist doctrine, as pointed out by David
Hume, is that: " - ANS-"in the long run, no country could sustain a
surplus on the balance of trade."
"Palladia specializes in the production of beef and produces beef more
efficiently than any other country. It buys wheat, which it produces less
efficiently than beef, from Rhodia, even though it produces wheat more
efficiently than Rhodia. Which of the following theories of international
trade supports Palladia's decision to buy wheat from Rhodia? " - ANS-
Ricardo's theory of comparative advantage
According to the new trade theory: - ANS-a country may predominate in
the export of a good because it has firms that were among the first to
produce that good.
Porter argues that a nation's firms gain competitive advantage if their
domestic consumers are: - ANS-sophisticated and demanding.
The difference between Ricardo's theory and the Heckscher-Ohlin theory
is that the Heckscher-Ohlin theory: - ANS-argues that the pattern of
international trade is determined by differences in national factor
endowments.
The threat of antidumping action: - ANS-limits the ability of a firm to
use aggressive pricing to gain market share in a country.
"The WTO was encouraged to extend its reach to encompass regulations
governing foreign direct investment, something the GATT had never done.
Two of the first industries targeted for this reform were: " - ANS-global
telecommunication and financial services industries.
Which of the following is an argument against embracing strategic trade
policy? - ANS-It increases the prices of the products for the
domestic consumers.
