Emmerson Unit 2

Question	Answer
What is: a) inward investment b) BRIC c) FDI	a) inländische Investitionen b) Brazil, Russia, India, China = emerging markets c) Foreign direct investment: buy property and businesses to create overseas divisions, joint ventures. has the highest risk but gives most control
What is the business cycle	Recovery Growth Recession Depression
Synonym for: Recovery Growth Recession Depression	Upswing Expansion / Boom contraction / downturn slump
mutually exclusive	sich gegenseitig ausschliessend
What is: a) Subsidiary b) Joint Venture	a) company owned by another company b) Two or more companies share costs & profits in a particular market, but keep their separate identities
What is: Balance of trade	Difference between a nation's imports and exports. If it exports more = trade surplus, otherwise trade deficit
The balance of payments?	wider measure than the balance of trade; next to imports&exports, it includes services and investments
subsidy	money paid by a government to support a business
synonym for bureaucracy	red tape

Resource summary

	Created by Sonam Bhuka over 6 years ago