Which Of The Following Is A Disadvantage Of Local Requirement Laws To Foreign Companies?

Political risk that affects all firms in a country is referred to as ________. Which of the following is a disadvantage of local requirement laws to foreign companies? …

They do not foster local business activity and increase regional and national unemployment.

What is a disadvantage of local requirement laws to foreign companies?

Political risk that affects all firms in a country is referred to as ________. Which of the following is a disadvantage of local requirement laws to foreign companies? …

They do not foster local business activity and increase regional and national unemployment.

Is the forced transfer of assets from a company to the government with compensation?

This process of forcefully transferring the property or assets to the government is called

confiscation

.

Which of the following terms is used to refer to the exchange of goods and services?

Trade

broadly refers to the exchange of goods and services, most often in return for money. Trade may take place within a country, or between trading nations.

Which of the following legal systems is based on legal precedents?

Common law, also known as case law

, is a body of unwritten laws based on legal precedents established by the courts. Common law draws from institutionalized opinions and interpretations from judicial authorities and public juries. Common laws sometimes prove the inspiration for new legislation to be enacted.

What are local content laws quizlet?

A local content requirement is

a requirement that some specific fraction of a good be produced domestically

. Administrative trade policies are bureaucratic rules designed to make it difficult for imports to enter a country.

Which of the following is one of the main instruments of trade policy quizlet?

Trade policy uses seven main instruments:

tariffs, subsidies, import quotas

, voluntary export restraints, local content requirements, administrative policies, and antidumping duties. Tariffs are the oldest and simplest instrument of trade policy.

When the host government take over the firm and offers no compensation?

Confiscation

is another type of ownership risk similar to expropriation, except compensation. It is involuntary transfer of property, no compensation, from a privately owned firm to a host country government. In confiscation, firms do not receive any funds from government.

When the host government take over the firm and offers no compensation the transfer is called?

Nationalization

refers to the action of a government taking control of a company or industry, which generally occurs without compensation for the loss of the net worth of seized assets and potential income.

Which one of the following is the largest contributor to unemployment in China?

The biggest contributor to China’s unemployment rate is

its reunification with Hong Kong

.

What is barter system in one word?

:

to trade by exchanging one commodity for

another : to trade goods or services in exchange for other goods or services farmers bartering for supplies with their crops bartered with the store’s owner.

What are the 2 types of trade?

Trade is a part of commerce and is confined to the act of buying and selling of goods. Trade is classified into two categories –

Internal and External Trade

.

What is barter system example?

Barter is an alternative method of trading where goods and services are exchanged directly for one another without using money as an intermediary. For instance, a

farmer may exchange a bushel of wheat for a pair of shoes from

a shoemaker.

What are the legislations?

Legislation is

a law or a set of laws that have been passed by Parliament

. The word is also used to describe the act of making a new law. About Parliament: Making laws.

Which country has the best laws?

Country Highlights

Denmark, Norway, and Finland

topped the WJP Rule of Law Index rankings in 2020. Venezuela, Cambodia, and DR Congo had the lowest overall rule of law scores—the same as in 2019. Countries in the top ten of the Index in overall rule of law score remain unchanged since our last report in 2019.

What are the main sources of law?

• Sources of law are the origins of laws, the binding rules that enable any state to govern its territory.
• International Treaties.
• European Community Law.
• Legislation.
• Case Law.
• Equity (England only)
• Parliamentary Conventions (UK mainly)
• Customs (England & Commonwealth Nations)