It was claimed that the strength of the Gold standard was that itIt was claimed that the strength of the Gold standard was that it contained a powerful mechanism for achieving balance of trade equilibrium. ( )
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MNEs can hedge against currency fluctuations by dispersing production to different locations around the globe. ( )
A firm has high profits when it creates more value for its customers and does so at a lower cost. ( )
When consumer tastes and preferences differ significantly between countries, there is low pressure for local responsiveness. ( )
Exporting is advantageous because it avoids the cost of establishing manufacturing operations in the host country and because it may helpExporting is advantageous because it avoids the cost of establishing manufacturing operations in the host country and because it may help a firm achieve experience curve and location economies. ( )