Chapter 4

if the canadians keep increasing the number of american cars purchased

american products will become more expensive for canadian

in order to gain a trade advantage a country specializes in a product it can provide more efficiently than other countries

comparative advantage theory

in high context culture such as japan communication would not likely be

direct

which method is likely to be the least likely to be the least costly and risky way to expand abroad

exporting

the first two stages that a product goes through are

growth and maturity

two or more firms sharing the costs of doing business in foreign countries and also sharing the profits are

joint ventures

how do tariffs affect the price of foreign goods

prices increase

nontarriff barriers

protect domestic producers

if a us company overproduces the best way to dispose of its surplus goods profitably is to

sell the surplus goods abroad

if the united states sets a tariff of 15 percent on $150 cameras that are made in Germany the cost of the camera in the united states will rise to

155,50