Explain the core features of civil, common and theocratic law?
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civil - Law that uses comprehensive statutes and codes as a primary means
to form legal judgments.
Common - Law shaped by precedents and traditions from previous judicial
decisions.
theocratic - A legal system based on religious teachings.
How do resources and capabilities influence the competitive dynamics of a business?
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, Resource similarity and market commonality can yield a powerful
framework for competitor analysis.
How would imposing an import tariff on cigars impact the domestic production of
cigars?
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Quantity increases for exporting at world price.
*How can policymakers can influence aggregate demand with fiscal policy.*
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1. An increase in government purchases or a cut in taxes shifts the
aggregate-demand curve to the right.
2. A decrease in government purchases or an increase in taxes shifts the
aggregate-demand curve to the left.
If Dave's company has a total cost of $100 when quantity output is 5, and a total cost
of $115 when quantity output is 6, what is the marginal cost of producing the 6th unit?
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$15
,What is the difference between currency hedging and strategic hedging?
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Currency hedging - A way to protect traders and investors from being
exposed to the fluctuations of the spot rate
Strategic hedging - A means of spreading out activities in different
currency zones in order to offset the currency losses in certain regions
through gains in other regions (currency diversification)
What is Foreign Direct Investment?
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Direct investment in, control, and management of value-added activities in
other countries
What is the specific formula to calculate marginal cost?
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Change in total cost divided by change in quantity
*What different political views exist on Foreign Direct Investment FDI?*
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, Radical View, Free Market View, Pragmatic Nationalism
*answer includes radicalism*
What is income elasticity and how is it measured?
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A measure of how much the quantity demanded of a good responds to a
change in consumers' income, computed as the percentage change in
quantity demanded divided by the percentage change in income.
What is consumer surplus?
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The amount a buyer is willing to pay for a good minus the amount the buyer
actually pays for it
**Describe the basic distinctions between the market models with respect to:
1. number of market participants
2. type of product being marketed, ease of entry/exit into the market and the
prevalence of advertising/marketing.**
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Give this one a try later!
civil - Law that uses comprehensive statutes and codes as a primary means
to form legal judgments.
Common - Law shaped by precedents and traditions from previous judicial
decisions.
theocratic - A legal system based on religious teachings.
How do resources and capabilities influence the competitive dynamics of a business?
Give this one a try later!
, Resource similarity and market commonality can yield a powerful
framework for competitor analysis.
How would imposing an import tariff on cigars impact the domestic production of
cigars?
Give this one a try later!
Quantity increases for exporting at world price.
*How can policymakers can influence aggregate demand with fiscal policy.*
Give this one a try later!
1. An increase in government purchases or a cut in taxes shifts the
aggregate-demand curve to the right.
2. A decrease in government purchases or an increase in taxes shifts the
aggregate-demand curve to the left.
If Dave's company has a total cost of $100 when quantity output is 5, and a total cost
of $115 when quantity output is 6, what is the marginal cost of producing the 6th unit?
Give this one a try later!
$15
,What is the difference between currency hedging and strategic hedging?
Give this one a try later!
Currency hedging - A way to protect traders and investors from being
exposed to the fluctuations of the spot rate
Strategic hedging - A means of spreading out activities in different
currency zones in order to offset the currency losses in certain regions
through gains in other regions (currency diversification)
What is Foreign Direct Investment?
Give this one a try later!
Direct investment in, control, and management of value-added activities in
other countries
What is the specific formula to calculate marginal cost?
Give this one a try later!
Change in total cost divided by change in quantity
*What different political views exist on Foreign Direct Investment FDI?*
Give this one a try later!
, Radical View, Free Market View, Pragmatic Nationalism
*answer includes radicalism*
What is income elasticity and how is it measured?
Give this one a try later!
A measure of how much the quantity demanded of a good responds to a
change in consumers' income, computed as the percentage change in
quantity demanded divided by the percentage change in income.
What is consumer surplus?
Give this one a try later!
The amount a buyer is willing to pay for a good minus the amount the buyer
actually pays for it
**Describe the basic distinctions between the market models with respect to:
1. number of market participants
2. type of product being marketed, ease of entry/exit into the market and the
prevalence of advertising/marketing.**
Give this one a try later!
