Reference no: EM134045028
Questions
1. (1) What is the intellectual property rights?
(2) Difference between patent, copyright, and trademark?
2. What is the difference between the market, command, and mixed economy?
3. What is moral hazard?
4. Describe the key drivers for economic development?
5. Describe culture codes, pick 3 from below and explain how culture code apply
American code for life/work
Chinese code
French code for the culinary experience
Swedish word/code for 'Logom'
Japanese code for car
Italian code fir style
English code for class
6. Define ethnocentrism?
7. Describe 5 components of Hofstede dimension of cultures
8. Why do nations trade? What benefits might nations or firms within nations receive by trading internationally?
9. What is the comparative advantage and gives some examples?
10. Describe 3 ways in which governments intervene in the trade. (hint: tariff, Quota, local content requirements, regulations and technical standards, FDI and ownership restrictions, subsidy, Administrative and bureaucratic procedures).