Define 12 Words or Fewer
      Once again, some of you tempted fate by exceeding 12 words.  Unfortunately for you, that lost you one point for each occurrence.  A couple of you were operating with the wrong definition for Arm's Length Price.  It is simply "Price unrelated parties meet for transaction."  Many of you limited Technology Transfer to Foreign Direct Investment, which limits it unnecessarily.  For Net Present Value, if you included something about discounting values from other periods, you could get a bonus point.

12 Words or Fewer Thought
      These were largely opinion and therefore subject to little scrutiny.  If you said something that seemed to smack in the face of the definition without saying a quick why or how, you lost 1 point.  An example of this would be NPV.  If you said that, "NPV is good when low."  That would be somewhat off point and seemingly incorrect.  Without a second sentence saying, "So long as it exceeds status quo," then the point is inconclusory and only worthy of 3 of the 4 points potentially awarded.  If you missed the definition, a point based on your definition was fine.

Who's "Protected" by Tariffs?
      Inclusion of the wage argument was necessary.  Secondarily, something that was internally inconsistent was detrimental.  As a side note, all of you seem to becoming of the persuasion that very few, if any, people are protected by Tariffs.  This is a huge International policy that will effect whatever country you reside and work in for years to come.  Hopefully you have all solidified your position one way or another.

Cash Pooling
      If your definition limited it to internal to a firm, you then would be hard-pressed to get anything out of The Pit Experience.  The importance certainly is all encompassing, especially when considering the multitude of currencies out there.  Whether you agree with it philosophically or not is probably the most asked educational Economic question ever.  (I can explain this exact question later if asked.)  Many of you learning the Resource Pooling in the Pit game could have been beneficial and/or detrimental.

Discriminatory and Nondiscriminatory Regulations
      The definitions were straitforward enough and not even limited to 12 words.  This is an example of needing consistent logic on one test.  If you preach that tariffs are inherently bad, then two questions later you preach the virtues of discriminatory regulations on their face, I might see fit to take away a point or two.  Other than that good logic is all that is needed.  One point that you need to take note of for the final is that, while we are talking international business, not every discriminatory regulation is penalizing foreign countries.  Sometimes only some of the countries are penalized, many times it is done (like our graduated income tax) to penalize a class of people.  Other times it is done to foreign citizens only.  Don't overlook this fact should you choose to use a similar logic for a potentially similar question on the final.  Since this was somewhat of a concept which you as a whole had "cognitive dissonance" with.  I added 2 points to everyone's test.