saint mba575 midterm exam 2016

Question 1. 1. Do you agree or disagree with the following statement: The lowering of barriers to trade and investment between countries within a trading group will probably be followed by increased price competition. Explain your answer with a well-constructed argument. (Points : 25) Spellchecker Question 2. 2. Provide an outline as to why the culture of a country may impact the costs of doing business in that country. Explain your answer and provide examples that enhance your point(s). (Points : 25) Spellchecker Question 3. 3. Unions in developed nations often oppose imports from low-wage countries and are strong advocates of restrictive trade barriers to protect what they view as “unfair” import competition. Is such competition “unfair”? Explain your answer with a well-constructed argument and examples to illustrate your point(s). (Points : 25) Spellchecker Question 4. 4. It has been argued that free market economies stimulate greater economic growth than do state-directed economies. Make a well-constructed and persuasive argument on why or why not this may be true. (Points : 25) Spellchecker