Why uncertainty is really important in international trade

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Reference no: EM133197574

Assignment:

1. Explain the different between tariff and quota

Like: Tariff: markets decide quantity

Quota: government decides quantity

2. Why tariffs are 1 form of protection? (2to3 reasons) Justifications for protection?

3. Why uncertainty is really important in international trade?

4. Culture: why important in business world?

Diference between face saving success culture base Saying yes even if you mean no?

Know what international trade is (we live in a global economy so what does that mean?)

5. Define what an American made product is

There is no such thing

Global trade means everything wu use has been imported/exported somewhere

6. Define what taboos are-universal (but not for outside) inside V. outsides

7. Different between imports and exports

8. Define comparative advantage - be able use lower opportunity cost

9. Other types of protection beside tariffs and quotas

10. Types of tariffs and how fully work

11. Why must we take Economics of Globalization class?

Reference no: EM133197574

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