- Study guides, Class notes & Summaries

What portion of jobs in CA does ag provide? - Answer-1/10 How many ag products come from CA? - Answer-Over 400 Avg size of CA farms - Answer-327 Acres Avg size of US farms - Answer-420 Acres Structure of CA farms - Answer-Large - 15% Medium - 9% Small - 75% Why is CA the leader in Ag production - Answer-Traits: * Large # hired seasonal labor * High yields/high crop values * Volusme of output * Wide diversity * Etc. * Hired Workers * Slides I was tired Why California f...

-

9 pages

Written in 2023/2024

Grade A+

lectknancy

free trade - Answer-where a government does not attempt to influence through quotas or duties what its citizens can buy from another country Adam Smith - Answer-argued that countries should specialize in the production of goods for which they have an absolute advantage Postive Sum - Answer-Theory of Comparative advantage suggests that trade is a ..... game in which all countries that participate realize economic gain Product Life Cycle Theory - Answer-The ________ argues that a large pr...

-

6 pages

Written in 2023/2024

Grade A+

lectknancy

free trade - Answer- a situation in which a government does not attempt to influence through quotas or duties what its citizens can buy from another country or what they can produce and sell to another country comparative advantage - Answer- the intellectual basis of modern argument for unrestricted free trade David Ricardo - Answer- comparative advantage Heckscher-Ohlin Theory - Answer- The theory that a country will export goods that make intensive use of the factors of production in ...

-

4 pages

Written in 2023/2024

Grade A+

lectknancy

Ethics - Answer-Accepted principles of right or wrong that govern the conduct of a person, the members of a profession, or the actions of an organization Business Ethics - Answer-accepted principles of right or wrong governing the conduct of businesspeople Ethical Strategy - Answer-A strategy, course of action, that does not violate these accepted principles Tragedy of Commons - Answer-Occurs when a resource held in common by all, but owned by no one, is overused by individuals, resulti...

-

5 pages

Written in 2023/2024

Grade A+

lectknancy

ethics - Answer-the principles of right and wrong that guide an individual in making decisions ethical strategy - Answer-a course of action that does not violate a company's business ethics Friedman Doctrine - Answer-the only social responsibility of business is to increase profits, so long as the company stays within the rules of law Culturual Relativism - Answer-belief that cultures should be judged by their own standards Utilitarian Approach - Answer-guided by what will result in...

-

8 pages

Written in 2023/2024

Grade A+

lectknancy

Interdependent political, economic, and legal systems of a country make up its: - Answer-political economy. Modern socialism has been popularized largely through the work of ________. - Answer-Karl Marx 1) In several Western democracies, the poor performance of state-owned enterprises, because of protection from competition and guaranteed government financial support, led to ________. - Answer-privatization 1) The tenet of ________ is that the welfare of society is best served by lettin...

-

8 pages

Written in 2023/2024

Grade A+

lectknancy

Acquisition - Answer-Japanese car manufacturer acquires Italian producer of car tires AD VALOREM TARIFFS - Answer-Levied as a proportion of the value of the imported good ADAM SMITH - Answer-was the author of The Wealth of Nations in which it is stated that an individual who intends his own gain is led by an invisible hand to promote an end that was not part of his intention. Countries should specialize in production of goods that they have an absolute advantage ABSOLUTE ADVANTAGE - Ans...

-

4 pages

Written in 2023/2024

Grade A+

lectknancy

political economy (think ecosystem) - Answer-to stress that the political, economic, and legal systems of a country are interdependent; they interact with and influence each other, and in doing so, they affect the level of economic well-being. political system - Answer--the political system of a country shapes its economic and legal systems -we mean the system of government in a nation. -Political systems can be assessed according to two dimensions: 1)collectivism as opposed to individuali...

-

24 pages

Written in 2023/2024

Grade A+

lectknancy

FDI has accelerated faster than world trade growth. - Answer-Which of the following statements is true about the growth of foreign direct investment in the world economy over the last few decades? It's wealthy domestic markets - Answer-Which of the following factors has made the United States an attractive target for foreign direct investment? total accumulated value of foreign owned assets at a given time - Answer-The stock of FDI is the: Raw material availability - Answer-Which of th...

-

7 pages

Written in 2023/2024

Grade A+

lectknancy

Which of the following areas of international trade is regulated by the Foreign corrupt practices act? - Answer-Preventing bribery and unethical acts in the conduct of international business Which of the following is a measure that is developed by the United Nations to measure the quality of life in different nations? - Answer-Human development Index Modern socialism has been popularized largely through the work of ____.? - Answer-Karl Marx ____. A Nobel prize winning economist has argu...

-

8 pages

Written in 2023/2024

Grade A+

lectknancy

which of the following is a step in the shift towards a market based economic system? - Answer-creation of a legal system to safeguard property rights design and names by which merchants or manufacturers designate and differentiate their products are known as __________ - Answer-trademarks ________, a nobel prize-winning economist, has argued that development is not just an economic process, but it is a political one as well. - Answer-amartya sen in several western democracies, the poor...

-

8 pages

Written in 2023/2024

Grade A+

lectknancy

The movement toward regional economic integration been most successful in ________. - Answer-Europe A(n) ________ has no barriers to trade between member countries, includes a common external trade policy, and allows factors of production to move freely between members. - Answer-Common Market A(n) ________ entails even closer economic integration and cooperation than a common market. - Answer-Economic Union Linking neighboring countries economically and making them interdependent: - Ans...

-

5 pages

Written in 2023/2024

Grade A+

lectknancy

Interdependent political, economic, and legal systems of a country make up its: - Answer-political economy A political system that prioritizes the needs of the society over individual freedoms is called ________. - Answer-collectivism The ________ believed that socialism could be achieved only through violent revolution and totalitarian dictatorship. - Answer-communists Which of the following philosophies can be traced back to the ancient Greek philosopher Aristotle? - Answer-individual...

-

6 pages

Written in 2023/2024

Grade A+

lectknancy

Protestant work ethic - Answer-Max Weber coined the term ________ to denote the tendency on the part of Protestants to work hard and accumulate wealth. The values and norms of a society influence social structure. - Answer-Which of the following statements about values and norms of a culture is true? individual achievement. - Answer-The values and norms of a society influence social structure. High degree of managerial mobility - Answer-Which of the following is a consequence of the emp...

-

5 pages

Written in 2023/2024

Grade A+

lectknancy

According to the Friedman Doctrine: - Answer-businesses should not undertake social expenditures beyond those mandated by the law and required for the efficient running of a business. Which of the following sociologists made a connection between Protestant ethics and the spirit of capitalism? - Answer-Max Weber Companies can strengthen the _______ of employees by committing themselves to not retaliate against employees who complain about unethical actions - Answer-moral courage Child la...

-

7 pages

Written in 2023/2024

Grade A+

lectknancy

a japanese car manufacturer acquires an Italian producer of car tires. This is an example of a(n) ________________ - Answer-acquisition developing nations currently account for _____________ of the FDI in the form of cross-border mergers and acquisitions - Answer-about one-third or less the largest sources country for FDI has been _____________ - Answer-the United States ___________ gives a firm tight control over manufacturing, marketing, and strategy in a foreign country that may be r...

-

4 pages

Written in 2023/2024

Grade A+

lectknancy

all barriers to the trade of goods and services among member countries are removed. In the theoretically ideal free trade area, no discriminatory tariffs, quotas, subsidies, or administrative impediments are allowed to distort trade between mem-bers. Each country, however, is allowed to determine its own trade policies with regard to nonmembers. Thus, for example, the tariffs placed on the products of nonmember coun-tries may vary from member to member. - Answer-free trade area eliminates tra...

-

5 pages

Written in 2023/2024

Grade A+

lectknancy

Interdependent political, economic, and legal systems of a country make up its - Answer-political economy Modern socialism has been popularized largely through the work of ________. - Answer-karl marx In several Western democracies, the poor performance of state-owned enterprises, because of protection from competition and guaranteed government financial support, led to ________. - Answer-privatization The tenet of ________ is that the welfare of society is best served by letting people...

-

2 pages

Written in 2023/2024

Grade A+

lectknancy

What happens in the _______________ can have a fundamental impact on the sales, profits, and strategy of an enterprise - Answer-foreign exchange market foreign exchange market - Answer-a market for converting the currency of one country into that of another country; the lubricant that enables companies based in countries that use different currencies to trade with each other; global network of banks, brokers, and foreign exchange dealers connected by electronic communications systems exch...

-

7 pages

Written in 2023/2024

Grade A+

lectknancy

The movement toward regional economic integration is most successful in - Answer-Africa An (-) has no barriers to trade between member countries... - Answer-Common market A (-) entails even closer economic integration and cooperation than a common market - Answer-Economic union Linking neighboring countries economically and making them interdependent: - Answer-creates incentives to increase political cooperation as well The (-) is primarily a consultative rather than legislative body...

-

8 pages

Written in 2023/2024

Grade A+

lectknancy