MGT 321 SEU Components of International Business Management Questions

• All students are encouraged to use their own word.
• Assignment -2 should be submitted on or before the end of Week-11 in Black Board only.

• This assignment is an individual assignment.
• Citing of references is also necessary.

Assignment Structure:

Learning Outcomes:

• Identify the major components of international business management (Lo 1.2)
• Discuss the reasons for and methods of governments’ intervention in trade (Lo 1.7)
• Identify and evaluate the significant trade agreements affecting global commerce (Lo 1.8)
• Carry out effective self-evaluation through discussing economic systems in the international business context (Lo. 3.6)

Critical Thinking

Read the Management Focus on, “NAFTA’s Tomato Wars,” available in your e-book (page no. 620), and answer the following questions:

Assignment Question(s):(Marks: 5)

• Was the establishment of a minimum floor price for tomatoes consistent with the free trade principles enshrined in the NAFTA agreement?
• Why, despite the establishment of a minimum floor price, have imports from Mexico grown over the years?
• Who benefits from the importation of tomatoes grown in Mexico? Who suffers?
• Do you think that Mexican producers were dumping tomatoes in the United States?
• Was the Commerce Department right to establish a new minimum floor price rather than scrap the agreement and file an antidumping suit? Who would have benefited from an antidumping suit against Mexican tomato producers? Who would have suffered?
• What do you think will be the impact of the new higher floor price? Who benefits from the higher floor price? Who suffers?
• What do you think is the optimal government policy response here? Explain your answer.