Question 1. Describe the ways in which international business has changed during the last 50 years. Include the concept of an MNC and the different types of foreign investment.
Question 2. After World War II, the United States was the world's dominant economic power. We're still the largest economy, but the rest of the world has caught up significantly. In some areas, we've lost the lead. The production of consumer electronic equipment, for example, is largely done in the Far East. Is this trend good or bad for Americans? Explain.
Question 3. Describe the difference between a floating and a fixed exchange rate system.