What is a key weakness of cartels?
a. Member cooperation tends to fail when there is a shortage of the cartel commodity.
b. Cartels are often broken up externally by more powerful actors, usually consumers.
c. Cartels are often deeply restricted by both international and domestic law.
d. Cartels make themselves more vulnerable than their consumers to price shocks caused by their own actions.
e. There is a tendency to cheat on production quotas when markets are soft and the price drops.
Which of the following is a consequence of the globalization and integration of financial markets?
A) Banks' investment portfolios often contain millions of dollars in assets located in other countries.
B) Economic crises are less common and typically less severe than they used to be.
C) Investors and businesses are denied access to overseas markets.
D) It fails to provide a better return on investment for investors.
Which of the following characterizes India's and China's strategy with respect to energy resources?
a. Expectation that the fungible nature of energy supplies will keep prices even, regardless of who owns them
b. Investment in the economies of energy producers to achieve favorable energy trade pacts
c. Heavy internal development of energy resources to end reliance on foreign sources of energy
d. Mercantilist efforts to buy and control foreign oil supplies
e. Heavy investment in renewable and alternative energy resources with an expectation of ending reliance on fossil fuels as their primary energy source
In the first three weeks of 2009, after the price of its main export, oil, plummeted, Russia depreciated its ruble six times. This is an example of the principle of __________.
A) currency devaluation
B) currency easing
C) upsurging currency
D) reduced inflation
An obsolescing bargain refers to
a. a bargain in which the power of the multinational company increases in terms of its bargaining with the host country.
b. a bargain in which the power of the multinational company diminishes in terms of its bargaining with the host country.
c. a bargain between a multinational company and a host country that has a built-in termination date.
d. a bargain between a multinational company and a host country that has a planned, scheduled turnover of assets to the host country.
e. a bargain between a multinational company and a host country in which the host country earns a regularly higher percentage of the corporation's profits.
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