Question.3020 - Before making a decision about entering into the global market, business owners must familiarize themselves with some macro- and microeconomic concepts: ? The World Bank and International Monetary Fund ? Imports and exports as part of GDP ? Multinational corporations ? Foreign direct investment and capital flows ? Foreign exchange market and exchange rates ? Labor theory of value ? Marginal rate of transformation ? Gains from trade, comparative advantage ? Economies of scale In a paragraph each, define these terms. Then, discuss how these terms individually apply to both supply and demand and to a business owner who is contemplating expanding internationally
Answer Below:
The xxxxxxxxxxxxx Monetary xxxx IMF xxx the xxxxx Bank xxxx both xxxxxx at xx international xxxxxxxxxx organized xx Bretton xxxxx New xxxxxxxxx United xxxxxx in xxxx the xxx to xxxxxxxxx a xxxxxxxxx for xxxxxxxx cooperation xxx development xxxxxxx to x more xxxxxx and xxxxxxxx global xxxxxxx Objective xx IMF- xxx IMF xxxxxxxxxx international xxxxxxxx cooperation xxx offers xxxxxx advice xxx technical xxxxxxxxxx to xxxx countries xxxxx and xxxxxxxx strong xxxxxxxxx The xxxx also xxxxxxxx loans xxx technical xxxxxxxxxx to xxxxxxxxx to xxxxxx policy xxxxxxxx to xxxxxxx balance xx payments xxxxxxxx Loans xxxxxxxx are xxxxx and xxxxxx term xxx funded xx the xxxx of xxxxxxxxxxxxx provided xx the xxxxxxx It xx managed xx staff xxx who xxx economists xxxx wide xxxxxxxxxx in xxxxxxxxxxxxx and xxxxxxxxx policies xxxxxxxxx of xxxxx Bank xxx World xxxx promotes xxxxxxxxx economic xxxxxxxxxxx and xxxxxxx reduction xx providing xxxxxxxxx and xxxxxxxxx support xx help xxxxxxxxx reform xxxxxxxxxx sectors xxxxx are xxxxxxxxx for xxxxxxxxxxx of xxx country xxxx as xxxxxxxx schools xxx health xxxxxxx providing xxxxx and xxxxxxxxxxx and xxxxxxxxxx of xxx environment xxxxx offered xxx pooled xx contributions xx members xxx also xxxxxxx bond xxxxxxxx It xx managed xx sector xxxxxxxxxxx Gross xxxxxxxx Product- xx the xxxxxxxx conversion xx all xxx finished xxxxx and xxxxxxxx produced xxxxxx a xxxxxxx during x time xxxxxx It xxxxxxxxx of xxxxxxx and xxxxxx consumption xxxxxxxxxx outlays xxxxxxxxxxx and xxxxxxx less xxxxxxx for x country xxxx a xxxxxxx is xxxxxxxxx goods xx sells xxxx to x foreign xxxxxx that xx to xxxxxxxxx businesses xx governments xxxxxx the xxxxxx Exports xxxxx money xxxx the xxxxxxx whichincreases xxx nation x GDP xxxx a xxxxxxx imports xxxxx it xxxx them xxxx foreign xxxxxxxxx which xxxx to xxxxxxxx of xxxxx to xxxxxxx economy xxxxxxxxx in xxxxxxxx of xxx importing xxxxxx s xxx According xx the xxxxx of xxx nation xxxx trade xx barriers xx trades xxx imposed xxxxxxx no xxxxxx wants x negative xxxxx balance xxxxxxxxxxxxx corporations xxx enterprises xxxxxx operations xx several xxxxxxxxx but xxxxxxx from xxxx country xxxx In xxxxx words xxx company xx group xxxx draws x part xx its xxxxxxx from xxxxxxxxxx across xxx border xx considered x multinational xxxxxxxxxxx It xx registered xx more xxxx one xxxxxxx or x the xxx that xxx operations xx more xxxx one xxxxxxx It xxxxxxxx and xxxxx goods xx services xx various xxxxxxxxx and xxx also xx referred xx as xx international xxxxxxxxxxx There xxx basically xxxxx of xxxxxxxxxxxxx corporations xxxxxxxxxxxxx corporation xxxx main xxxxxxxxxx in xxxx country x global xxxxxxxxxxx corporation xxxx enjoys xxxx advantage xxxxxxx centralized xxxxxxxxxx in xxxxxxxxx wherever xxxxxxx resources xxx available xx international xxxxxxx that xxxxxxx on xxx parent xxxxxxx s xxxxxxxxxx or x amp x or x transnational xxxxxxxxxx which xx a xxxxxxxxxxx of xxx above xxxxxxxxxx FDI xx a xxxxxxx from xxxx country xxxxxx a xxxxxxxx investment xx a xxxxxxxxxx facility xx foreign xxxxxxx They xxxx include xxxxxxxxxxx made xx acquire xxxxxxxxx interest xx enterprises xxxxxx operating xxxxxxx of xxx economy xx the xxxx country xxx FDI xxxxxxxxxxxx comprises xx a xxxxxx company xxx a xxxxxxx partner xxx they xxxxxxxx form x multinational xxxxxxxxxxx MNC xxxx flow xx capital xx favored xx economists xxxxxxxx across xxxxxxxx borders xx it xxxxx capital xxxx the xxxxxxx rate xx return xxxxxxxxx capital xxxxx has xxxxx advantages xx offer xxxx such xx Firstly xxxxxxxxxxxxx flows xx capital xxxxx to xxxxxxxxx of xxxx faced xx owners xx capital xx allowing xxxx to xxxxxxxxx their xxxxxxx and xxxxxxxxxx portfolio xxxxxxxx the xxxxx border xxxxxxxxxxx of xxxxxxx markets xxx contribute xx the xxxxxx of xxxxxxx of xxx practices xx corporate xxxxxxxxxx accounting xxxxx and xxxxx traditions xxxxx the xxxxxxxxxxxxx mobility xx capital xxxxxx the xxxxxxx of xxxxxxxxxxx to xxxxxx bad xxxxxxxx and xxx best xxxxxxxxx prevail xxxxxxx exchange xxxxxx and xxxxxxxx rates- xx the xxxxx where xxxxxxxx of xxxxxxxx takes xxxxx and xxx exchange xxxx is xxxx the xxxxx of xxx currency xx terms xx another xxxxxxxx The xxxxxxx currency xxxxxxxx rate xx the xxxx at xxxxx one xxxxxxxx can xx exchanged xxx another xx is xxxxxx in xxxxx like xxx INR xxx the xxxxxx rupee xxx the xx Dollar xxxx fluctuate xxxx change xx economic xxxxxxx like xxxxxxxxx industrial xxxxxxxxxx and xxxxxxxxxxxx events xxxx influence xxx exchange xx a xxxxxxxx pair xxxxxxx in xxx foreign xxxxxxxx market xx mainly xx aid xxxxxxxxxxxxx trade xxx investment xxxx is xxx export xxx import xx foreign xxxxx services xxx financial xxxxxx Foreign xxxxx are xxxxxxx priced xx foreign xxxxxxxx Goods xxxx Germany xxx priced xx euros xxx unit xx account xx theeuro xxx medium xx exchange xx the xxxx If xxxxxxxxx want xx buy xxxxx from xxxxxxx they xxxx euros xxxx some xxxxxxxxx may xxxxxxxx a xxxxxxx currency xxxxxx in xxxxx than xxx home xxxxxxxx So xxxxxxxx exchange xx currency xxxxxxx it xx called xxxxxxx exchange xxxxxx Labor xxxxxx of xxxxx is xx economic xxxxxx that xxxxxx that xxx value xx a xxxx or xxxxxxx depends xxxx the xxxxx used xx its xxxxxxxxxx The xxxxxx was xxxxx presented xx Adam xxxxx - xxx founder xx modern xxxxxxxxx and xxxx formed xx important xxxx in xxx philosophical xxxxxx of xxxx Marx xxx theory xx of xxx opinion xxxx goods xxxxx take xxx same xxxxxx of xxxx to xxxxxxx should xxxx the xxxx According xx Marx xxx labour xxxxx that xx included xx the xxxxxxxxx is xxxxxx average xxxxx labour xx unskilled xxxxxx of xxxxxxx intensity xxx is xxxxxxxxxxx if xxx labour xx skilled xx commodities xxx exchanged xxxxx different xxxxx of xxxxx labour xxxxx make xxx commodities xxxxxx comparable xxx commodities xxxxxxxxx a xxxxxxx of xxxxxxx s xxxxx social xxxxxx Marginal xxxx of xxxxxxxxxxxxxxxxxx marginal xxxx of xxxxxxxxxxxxxx MRT xx defined xx the xxxxxxx of xxxxx of xxxx x xx be xxxx being xxxxxxxx in xxxxx to xxxxxxx an xxxxx unit xx good x while xxx use xx production xxxxxxx and xxx technology xxx kept xxxxxxxx It xx the xxxxxxxx between xxx production xx different xxxxxxx by xxxxxxx the xxxxx of xxxxxxxxxx factors xxxxxxxx It xxx be xxxxxxxxxx using xxx following xxxxxxx It xxxxxxx to xxx production xxxxxxxxxxx frontier xxx The xxxxx of xxx curves xxxxxxxx how x reallocation xx the xxxxxxxxxx factors xxx produce xxxxxxxxx bundle xx production xxx of xxx most xxxxxxxx used xxxx are xxxxxxxx in xxx adjacent xxxxxx In xxx first xxxxx the xxx changes xxxxx the xxxxx The xxxxxx graph xxxxx the xxxx of xxxxxxx substitutes xxxxxx The xxxxx has xx angle xx with xxxx axis xxx therefore xxx MRT xxxxx from xxxxx comparative xxxxxxxxxxxxxxxxxxxx advantage xx a xxxx is xxxxxxxxxx to xxx low xxxxxxxxxxx cost xxxxxxxx of xxxx good xxx theory xx comparative xxxxxxxxx can xxxx these xxxxx from xxxxx The xxxxxxxx below xxxxxxxx an xxxxxxx Establishing xxx comparative xxxxxxxxx Half xx the xxxxxxx s xxxxxxxx resources xxx allocated xx each xxxxxxx Germany xx superior xx production xx both xxxxxxxx and xxxxxxxxxxx than xxxxx But xxxxx produces xxxxxxxx close xx that xx Germany xxx opportunity xxxx of xxxx extra xxxxxxx for xxxxx is xxxxxxxxxx whereas xxx Germany xxx opportunity xxxx is xx a xxxxxxxxxx Italy xxxxxx therefore xxxxxxxxxx in xxx production xx freezers xx Germany xxx a xxxxxxxxxxx advantage xx producing xxxxxxxx The xxxxxxx of xxxxxxxxxxxxxxxxxxxxxxxxxxxx has xxx to xx increase xx output xx both xxxxxxxxxx from xxxxx between xxx two xxxxxxxxxxxxxxxxxxx terms xx trade xxxxxxx freezers xxx dishwashers xxxx to xxxxxxxxx for xxxxxxxx beneficial xxxxx to xxxx place xxxxx the xxxxxxxxxxxxx both xxxxxxxxx stand xx gain xxxx anexchange xx freezers xxx dishwasher xxx distribution xx output xxxxx trade xxx taken xxxxx is xxxxx in xxx table xxxxx Economies xx scale xxxxx to xxx cost xxxxxxxxxx that x business xxxxx enjoy xx it xxxxxxxxxx expansion xx the xxxxx of xxxxxx is xxxxxxxxx certain xxxxxxx cause xxx average xxxx per xxxx to xxxx It xx a xxxx run xxxxxxx and xxxxxx to xxxxxxxxxx in xxxx cost xx production xx the xxxx of x facility xxx the xxxxx of xxxxx inputs xxxx in xxxxxxxxxx is xxxxxxxxx Whereas xxxxxxxxxxxx of xxxxx is xxxx the xxxxxxxx The xxxxxx factors xxxx lead xx economies xx scale xxx bulk xxxxxx of xxx materials xxxxxxx long-term xxxxxxxxx able xx obtain xxxxxxxxxxxxxx based xxxxx from xxxxx increasing xxx specialization xx managers xxxxxx advantage xx technological xx gradation xxxx of xxxxx factors xxxxx in xxxxxxxx the xxxx run xxxxxxx costs xx production xx shifting xxx short- xxx average xxxxx cost xxxxx down xxx to xxx right xxxxxxxxxx The xxx and xxx World xxxx March xxxxxxxxx on xxxx http xxx imf xxx external xx exr xxxxx imfwb xxx GDP xxx the xxxxxxx Three xxxxxxx and xxxxxxx Infoplease xxx retrieved xx July xxxx www xxxxxxxxxx com xxx economics xxxxxxxxxxxxxxx html xxxx ZCRVRrVw xxxxxxxxxxxxx Corporation xxxxxxxxx on xxxx http xxx businessdictionary xxx definition xxxxxxxxxxxxxxxxxxxxxxxxxxxxx html xxx retrieved xx July xxxx www xxxxxxxxx edu xxxxxxx Teaching xxxxxxxxxxxxxxxxxx Slides xxx pdf xxxx is xxx a xxxxxxx Flow xx Dalia xxxxx amp xxxxxx Schnitzer xxxx http xxx sfbtr xx uploads xxxxx pdf xxxxxxxx Rates xxx the xxxxxxx Exchange xxxxxx retrieved xx July xxxx economics xxxxx com xx money x aa x htm xxxx s xxxxx Theory xx Value xxxxxxxxx on xxxx http xxx public xxxxxxx edu xxx marx xxx pdf xxxxxxx of xxxxx retrieved xx July xxxx www xxxxxxxxx edu xxxxxxx tmve xxxx k xxxx Economy xx scale xxxxMore Articles From Economics
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