One Reason for the Success That Firms Have in Getting

question 128

Multiple Choice

One reason for the success that firms have in getting the government to erect barriers to foreign competition is that jobs lost to foreign competition are easy to identify but jobs created by foreign trade are often hard to identify.Which of the following is a second reason?

• A)The costs that tariffs and quotas impose on consumers are large in total but relatively small per person.
• B)People who benefit from foreign trade tend not to vote in elections; people who are harmed by foreign trade are much more likely to vote.
• C)Firms that benefit from trade barriers have more money to lobby government officials to support the barriers than do firms that are harmed by trade barriers.
• D)The benefits from free trade are less than the costs.

Acknowledge the legal and operational challenges in international human resource management, including workforce reduction and labor laws.

Understand the effects of cultural orientations such as long-term vs. short-term orientations on business practices and employee behavior.

Identify the symptoms and consequences of culture shock and strategies for adjusting to new cultures in international assignments.

Understand the concept of degrees of freedom in statistical testing.

---

Definitions:

Roles

The defined behaviors, responsibilities, and functions expected to be performed by individuals in specific positions within an organization or society.

Reverse Auction

A buying process in which sellers lower their prices in competition for the buyer's purchase, reversing the traditional auction.

Number Of Sellers

refers to the total count of individuals or entities offering a particular product or service in the market.

Price Decreases

A strategy of reducing the cost of goods or services, often used to boost sales volume or clear inventory.