Cartel parties Samenvattingen, Aantekeningen en Examens
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![WGU C718 VOCABULARY 2024 QUESTIONS WITH COMPLETE ANSWERS ALREADY PASSED AND GRADED A+](/docpics/4614531/65de1d8ce52ca_4614531_121_171.jpeg)
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WGU C718 VOCABULARY 2024 QUESTIONS WITH COMPLETE ANSWERS ALREADY PASSED AND GRADED A+
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WGU C718 VOCABULARY 2024 QUESTIONS WITH 
COMPLETE ANSWERS ALREADY PASSED AND 
GRADED A+ 
absolute advantage - CORRECT ANSWER when a country (or person) can produce 
more of a good than another country (In this picture England has absolute advantage in 
both goods) 
accounting profit - CORRECT ANSWER profit computed using only explicit costs 
(Acct Profit = Total Revenue - Explicit Costs) 
marginal external costs - CORRECT ANSWER additional costs incurred by third 
parties outside the produ...
![WGU; C200; Global Economics; Chapter 11. Exam Questions and answers, 100% Accurate. VERIFIED 2024](/docpics/3701280/653a6a2a3ce0f_3701280_121_171.jpeg)
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WGU; C200; Global Economics; Chapter 11. Exam Questions and answers, 100% Accurate. VERIFIED 2024
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Beyond the enforcement of antitrust laws, collusion often fails because: 
a. collusion is inherently wrong and unethical. 
b. colluding parties refuse to accept lower profits. 
c. it has incentive problems associated with the "prisoners' dilemma." 
d. colluding parties do not like each other. - -it has incentive problems associated with the "prisoners' 
dilemma." 
Which of the following are example(s) of explicit collusion? 
a. Signaling to competitors to reduce output. 
b. Directly negoti...
![(Top 2024/2025 EXAM REVIEW PAPER ) WGU; C200; Global Economics; Chapter 11. Exam Questions and answers, 100% Accurate. VERIFIED.](/docpics/3762342/6545380c076ac_3762342_121_171.jpeg)
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(Top 2024/2025 EXAM REVIEW PAPER ) WGU; C200; Global Economics; Chapter 11. Exam Questions and answers, 100% Accurate. VERIFIED.
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WGU; C200; Global Economics; Chapter 
11. Exam Questions and answers, 100% 
Accurate. VERIFIED. 
Beyond the enforcement of antitrust laws, collusion often fails because: 
a. collusion is inherently wrong and unethical. 
b. colluding parties refuse to accept lower profits. 
c. it has incentive problems associated with the "prisoners' dilemma." 
d. colluding parties do not like each other. - -it has incentive problems associated with the "prisoners' 
dilemma." 
Which of the following a...
![400 Must Have Words for the TOEFL Exam Questions with Verified Answers 2023,100% CORRECT](/docpics/2814039/64728ac2e6f9c_2814039_121_171.jpeg)
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400 Must Have Words for the TOEFL Exam Questions with Verified Answers 2023,100% CORRECT
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400 Must Have Words for the TOEFL Exam Questions with Verified Answers 2023 
 
 
abandon (v.) - CORRECT ANSWER to leave; to give up 
Ex: To save their lives, the sailors had to ~ the sinking ship. 
 
adversely (adj.) - CORRECT ANSWER in a harmful way; negatively 
Ex: Excessive rainfall early in the spring can ~ affect the planting of crops. 
Usage Tips: ~ is often followed by affect. 
 
aggregate (adj.) - CORRECT ANSWER gathered into or amounting to a whole 
Ex: It is impossible to judge last ye...
![WGU C211 Global Economics for Managers questions and answers verified for accuracy(100% pass)](/docpics/3501979/65121718678c5_3501979_121_171.jpeg)
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WGU C211 Global Economics for Managers questions and answers verified for accuracy(100% pass)
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Absolute Advantage 
The economic advantage one nation enjoys that is absolutely superior to other nations. 
 
 
Accounting Profit 
Total revenue minus total explicit cost 
 
 
Acquisition 
a wholly owned subsidiary is created through direct foreign investment. 
 
 
Administrative Policy 
Bureaucratic rules that make it harder to import foreign goods. 
 
 
Agglomeration 
Clustering of economic activities in certain locations. Beyond geographic advantages, location-specific advantages also arise f...
![Edexcel A-Level Economics A Definitions](/docpics/3444391/6504b24399b8d_3444391_121_171.jpeg)
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Edexcel A-Level Economics A Definitions
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Absolute advantage 
When a country's output of a product per unit of input is greater than that of any other country. 
 
 
 
Absolute poverty 
When a person does not have the income or wealth to fulfil their basic needs. 
 
 
 
Aggregate Demand (AD) 
The total demand/spending in an economy at a given price level over a given period of time. Made up of consumption, investment, government spending and net external demand. 
 
 
 
Aggregate Supply (AS) 
The total amount of goods and services that c...
![WGU C718 VOCABULARY 2024 QUESTIONS WITH COMPLETE ANSWERS ALREADY PASSED AND GRADED A+](/docpics/4607588/65dcfd05ccf68_4607588_121_171.jpeg)
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WGU C718 VOCABULARY 2024 QUESTIONS WITH COMPLETE ANSWERS ALREADY PASSED AND GRADED A+
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absolute advantage - CORRECT ANSWER when a country (or person) can produce more of a good than another country (In this picture England has absolute advantage in both goods) 
accounting profit - CORRECT ANSWER profit computed using only explicit costs (Acct Profit = Total Revenue - Explicit Costs) 
marginal external costs - CORRECT ANSWER additional costs incurred by third parties outside the production process when a unit of output is produced 
adverse selection - CORREC...
![100 Economics Terms Latest Update 100% Correct](/docpics/4011793/6578c8b40c0a3_4011793_121_171.jpeg)
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100 Economics Terms Latest Update 100% Correct
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100 Economics Terms Latest Update 100% Correct Scarcity the limited nature of society's resources 
Economics the study of how society manages its scarce resources 
Efficiency the property of society getting the most it can from its scarce resources 
Equity the property of distributing economic prosperity fairly among the members of society 
Opportunity cost whatever must be given up to obtain some item 
Market economy an economy that allocates resources through the decentralized decisions of ma...
![WGU C718 vocabulary end term exam and correct answers 2023/2024](/docpics/3348516/64f18a9340ad8_3348516_121_171.jpeg)
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WGU C718 vocabulary end term exam and correct answers 2023/2024
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WGU C718 vocabulary 
absolute advantage - CORRECT ANSWER when a country (or person) can produce 
more of a good than another country (In this picture England has absolute advantage in 
both goods) 
accounting profit - CORRECT ANSWER profit computed using only explicit costs (Acct 
Profit = Total Revenue - Explicit Costs) 
marginal external costs - CORRECT ANSWER additional costs incurred by third parties 
outside the production process when a unit of output is produced 
adverse selection - C...
![WGU C211 - Global Economics for Managers exam questions and answers 2023 update](/docpics/3501887/6512145576372_3501887_121_171.jpeg)
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WGU C211 - Global Economics for Managers exam questions and answers 2023 update
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**What Political views exist on Foreign Direct Investment (FDI)** 
**answer includes radicalism** 
Radical View - Hostile to foreign direct investment (FD) 
 
Free Market View - Suggests foreign direct investment (FDI) unrestricted by government intervention is the best. 
 
Pragmatic Nationalism - Only approves foreign direct investment (FDI) when its benefits outweigh its costs. 
 
 
 
**What is Resource similarity** 
The extent to which a given competitor possesses strategic endowment comparab...
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