Oswaldo Enterprises Began to Do Business in a Small East

question 36

Essay

Oswaldo Enterprises began to do business in a small East African nation. The representatives of Oswaldo bid on government contracts. Although Oswaldo was by far the lowest bidder and offered a superior product, the company was not awarded a contract. Oswaldo officials learned after inquiring that the company would have to give substantial sums of money to high-level government officials in order to receive a contract. Oswaldo officials are considering this as a necessary cost of doing business, but they are concerned about violating U.S. law. Discuss the implications of this under the Foreign Corrupt Practices Act.

Analyze the economic implications of tariffs, quotas, and subsidies on domestic and foreign markets.

Understand the historical context and impact of significant trade policies and agreements.

Explain the concept and impact of dumping and its relation to international trade.

Identify the mechanisms through which governments regulate international trade.

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Definitions:

Nanometers

A unit of measure in the metric system equal to one billionth of a meter, commonly used to describe wavelengths of light and dimensions of microscopic structures.

Receptive Field

Region of sensory space (for example, skin surface) in which a stimulus modifies a receptor’s activity.

Distortion

A transformation that alters the original shape, sound, or form of something.

Sclera

The white outer layer of the eyeball, providing protection and form.