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International BUS
International Business midterm study guide
Question | Answer |
---|---|
Free trade Area ie NAFTA, EU (include the theory here | A free trade area is where member countries sign a free trade agreement to abolish tariff and taxes on trade between member countries. In a free trade area each country sets taxes and tariffs with all other third party countries. FTA is based on Adam Smi |
Relative Deprivation | |
Hannah Arendt | |
WTO | |
GATT | |
Absolute Advantage | |
Comparative Advantage | |
Bretton Woods | |
Beggar thy neighbor/ | |
Mercantilism | |
Liberal Economic Theory | |
Globalism | |
Tariffs | |
NTBs Quotas Protectionism Standards Subsidies/countervailing duties | |
FDI | |
Ad valorem Duty | |
Specific Duty | |
Compound Duty | |
International Fischer Effect | |
Exchange Risk | |
Curse of Oil | |
Globalization | |
John Maynard Keynes | |
Dependence/Interdependence | |
Normal Trade Relations | |
Customes Union | |
Common Market | |
Economic Union | |
Political Union | |
Strategic Clusters |