INTERNATIONAL BUSINESS - THE
CHALLENGES OF GLOBALIZATION - CHAPTER
6 EXAM 2023-2024 ALREADY GRADED A
Cultural motives for government intervention in trade - protection of national
identity.
Cultural influence of the United States - The reason is the global strength of
the United States in entertainment and media (such as movies, magazines,
and music) and consumer goods.
Free trade is the pattern of imports and exports that occurs in the what? -
absence of trade bariers
For what political reasons does a government intervene in trade? -
protecting jobs, preserving national security, responding to other nations'
unfair trade practices, and gaining influence over other nations.
what are some economic reasons why a government intervenes in trade? -
protection of young industries from competition and the promotion of
strategic trade policy.
Some people see the products of what country as the greatest threat to
local cultures around the world? - United States of America
subsidy - Financial assistance to domestic producers in the form of cash
payments, low-interest loans, tax breaks, product price supports, or other
forms.
free trade - Pattern of imports and exports that occurs in the absence of
trade barriers.
Political Motives for trade intervention - protecting jobs, preserving national
security, responding to other nations' unfair trade practices, and gaining
influence over other nations.
Preserve national security - The globalization of markets and production
creates new security risks for companies
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