Scenario: Glocus Inc. a manufacturer of health and beauty aids, is expanding its presence in several countries around the world. Glocus' president is surprised at some of the responses the company is receiving from other countries. France gave Globus Inc. permission to export its product as long as the company obtained a special license first. Excelsior has been waiting six months for the license and is wondering if it will ever arrive. Globus Inc. is experiencing a(n) ________.
a. Administrative delay
b. local content requirement
c. embargo
d. currency control
Answer: a. Administrative delay
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A) increase saving B) limit competition from international trade C) improve the quality of education D) All of the above will work to increase the rate of economic growth.
When the central bank is focusing on internal balance, their main target in the economy is
A) a desired level of real GDP. B) a balance of payments equilibrium. C) a certain level of real money balances. D) reducing government debt.
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A) serve 14-year terms as chairmen. B) serve 4-year renewable terms as chairmen. C) also serve as members of the administration. D) serve 4-year non-renewable terms as chairmen. E) none of the above
Charging different prices to different buyers for different products is called price discrimination.
Answer the following statement true (T) or false (F)