Exam 5: The Europeanization of a Business Environment

Which trade theory recommends that countries should specialize in producing those goods they have a competitive advantage in to maximize the benefits of trade?

Which trade theory argues that countries can benefit from trade liberalization and participation in international trade even when the country's industries have no international competitive advantage?

Which of the following best describes the necessary condition(s) for seeking a foreign location for investment by a European business?

Which of the following statements best describes the impact of the Europeanization of business via the Single Market?

What form of intellectual property protection is used to protect the contribution of the unique cultural and geographic origins of a product produced in the EU?

Which of the theories of trade listed below most clearly illustrates the dynamic relationship between cross-border trade and investment?

What has been the observed pattern of changes in income inequality when compared between and within EU member countries before social transfers?

What has research shown the main implications of Europeanization of international trade and investment to have been for firms and industries?

Which of the following best describes a situation where a European business contracts a firm in a non-European country to produce a good for sale in Europe, that have previously been produced by the European business in Europe?

When a European business invests in a location outside Europe, what type of foreign direct investment is it undertaking?