Absolute advantage Samenvattingen, Notities en Examens

Chapter 01 – An Introduction to Business Ethics Multiple Choice 1. Principles are a. laws and regulations that guide behavior in the world of business. b. mores, values, and customs that guide behavior in general. c. specific and pervasive boundaries for behavior that are universal and absolute. d. the obligations businesses have to maximize their positive impact and minimize their negative impact. e. the mores, values, and customs that parents teach their children. ANSWER: c 2. Corpor...

Chapter 3 Emphasizing Informal Institutions Cultures Ethics and Norms TRUEFALSE 1. According to the institution-based view, informal institutions must be sought when formal institutions fail. (A) True (B) False Answer : (A) 2. The cultural norms of a country is an example of an informal institution. (A) True (B) False Answer : (A) 3. Informal institutions are based on the rules and legal systems of an economy. (A) True (B) False Answer : (B) 4. Informal institutions are closely relat...

ECS3702 ASSIGNMENT 2 SEM 1 2024

CFA Investment Foundations complete test with correct answers Absolute advantage - answers When a country is more efficient in producing a good or a service than other countries—that is, it needs less resources to produce the good or service. Absolute returns - answers The returns achieved over a certain time period. Absolute returns do not consider the risk of the investment or the returns achieved by similar investments. Accounting profit - answers Differen...

ECS1601 Assignment 6 (ANSWERS) Semester 1 2023 () - Due 6 June 2023 100% TRUSTED workings, explanations and solutions. Whatsapp 067 171 1739 for assistance. ................................................ Households are confronted with………, but with ………resources with which to satisfy those wants. a. unlimited wants; limited  b. limited wants; limited c. unlimited wants; unlimited d. limited wants; unlimited Households are confronted with unlimited wants, but with limited...

WGU C211 OA Global Economics for Managers Test – With Complete Solutions (Graded A+) WGU C211 OA Global Economics for Managers Test – With Complete Solutions (Graded A+) view that claims phenomenon of globalization was initially driven by the desire of Western economies to exploit their power through MNE's - ANSWER - new view that claims globalization is a long-run historical evolution since the dawn of humanity. Says it is nothing new and that it will always exist - ANSWER - evoluti...

Microeconomics Final Exam with all Answers complete Economics Resources Labor Capital natural resources entrepreneurship Household firms government (economics) product market resource market maximize utility rational self-interest Marginal Microeconomics Macroeconomics Opportunity Cost Sunk Cost Law of Comparative Advantage Absolute Advantage Production Possibilities Frontier Efficiency Law of Increasing Opportunity Cost. Pure Capitalism

Test Bank for Economics 4th Edition by Paul Krugman 1. A simplified representation that is used to study a real situation is called a(n): A) model. B) production possibility frontier. C) assumption. D) trade-off. 2. The models that economists construct: A) usually make simplifying assumptions. B) often rely on physical constructs, such as those used by architects. C) rarely use mathematical equations or graphs. D) attempt to replicate the real world. 3. When building a mod...

Test Bank for International Economics 18e 18th Edition by Robert Carbaugh. ISBN-13: 8915 Full Chapters test bank included Chapter 1: The International Economy and Globalization 1-1 Globalization of Economic Activity 1-2 Waves of Globalization 1-3 The United States as an Open Economy 1-4 Common Fallacies of International Trade 1-5 Is International Trade an Opportunity or a Threat to Workers? 1-6 Has Globalization Gone Too Far? 1-7 The Plan of This Text Summary Key Concepts and Term...

The opportunity cost of an item is.... Correct Answer-what you give up to get that item Total output in an economy increases when each person specializes because Correct Answer-each person spends more time producing that product in which they have a comparative advantage in. The producer that requires a smaller quantity of inputs to produce a certain amount of a good, relative to the quantities of inputs required by other producers to produce the same amount of that good, Correct Answer-ha...

MRL3701 INSOLVENCY LAW PAST EXAM PACK QUESTIONS AND ANSWERS SUMMARISED NOTES S - The study-notes marketplace MRL 3701 OCTOBER/NOVEMBER 2018 QUESTION 1 a) Inability to pay debts is, at most merely evidence of insolvency. (page 3) b) Brenda’s application for voluntary surrender must be set out the causes of her insolvency in some detail to enable the court to determine whether the application is ......................... c) Christopher commits an act of insolvency by depar...

App - Correct answer-Relatively small applications developed exclusively for mobile devices <nav> - Correct answer-structure element in HTML5 that includes hypertext menus to access various pages of the web site HTML5 API's - Correct answer-Create Apps for Mobile Devices Web development Trifecta - Correct answer-HTML, CSS, and JavaScript Benefit of developing Web pages using the Web Development Trifecta - Correct answer-You can create Web pages that easily adapt to smartphones, tab...