Murdoch BUS 272 -Japan’s current relationship

Japan’s current relationship with Asia is best described as one of:

Select one:

a. Asymmetrical complementarity.

b. Complementarity.

c. Open regionalism.

d. Modern colonialism.

Which of the following is an example of rent seeking behavior?

Select one:

a. Steel companies seeking tariffs on steel imports.

b. Accountants seeking to maintain high standards by making the professional qualifying exams even more difficult.

c. Car companies lobbying for new laws that restrict the number of competitors allowed in the domestic market.

d. All of the above.

Rent seeking behaviour can best be minimised by:

Select one:

a. Removing government price and allocation controls that prevent markets from operating.

b. Planning more adequately for construction of housing and office buildings.

c. Relying less on markets and more on government controls.

d. Installing a non-democratic government that does not have to respond to lobby groups.

Which three of the following best characterize globalization?

Select one:

a. Shrinking space, shrinking time, disappearing borders

b. Increasing space, shrinking time, disappearing borders.

c. Increasing space, shrinking time, strengthened borders.

d. Shrinking space, strengthened borders, shrinking time