BUSI 303 Discussion 2

Liberty BUSI 303 Discussion 2 Answers

In Weeks 1, 3, 5, & 7  – To begin your thread for a particular module, open the Key Terms document posted within each module, and select one of the key terms that interests you.

Declare your topic to the class by posting a new thread in the related DB forum and titling it with the key term you selected. This reserves your topic so that other students cannot use it.  Each student must cover a different key term; no duplication of articles or key terms is allowed.

Chapter 3

  • Special government agencies for international trade
  • Import and export subsidies
  • Export financing
  • Foreign trade zones
  • Tariffs, quotas, embargos
  • Local content requirements
  • Administrative delays
  • Common, civil, and theocratic law
  • Standardization of international law
  • Intellectual property rights across nations
  • Industrial property rights across nations
  • Individual and collectivist economic values across nations
  • Central, market, and mixed economic systems
  • Developed, newly industrialized, and developing nations
  • GNP and GDP
  • Purchasing power parity
  • Human development index
  • Ownership, operation, and transfer risk

Chapter 4

  • International trade patterns.
  • mercantilism
  • absolute advantage theory
  • comparative advantage theory
  • factor proportions theory
  • international product life cycle theory
  • new trade theory
  • General Agreement on Tariffs and Trade (GATT)
  • World Trade Organization (WTO)
  • Foreign direct investments
  • Balance of payments
  • Current account
  • Capital account
  • Government and global management issues in FDI
  • government interventions
  • business management issues
  • economic development incentives
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