Ans5 - True
Ans10 - True
Ans12 - False (explanation - Frictional unemployment is the unemployment that results from time spent between jobs when a worker is searching for, or transitioning from one job to another. )
Ans17 - True ( explanation - GDP or Gross Domestic Product is the sum of all goods and services produced within the geographical boundaries of a nation. )
Ans19 - True ( explanation - Micro economics is branch of economics that deals with human behavior and choices as they relate to relatively small units whereas Macro economics is branch of economics that deals with human behavior and choices as they relate to higher aggregate makers.)
Ans20 - True
QUESTION 5 History shows that free-market capitalisn O True O False We were unable to transcribe...
QUESTION 13 You read the Electricity City Utility Company has problems. Its headquarters had an expansive retaining wall collapse during a flood last week. This led to toxic coal ash flows that buried homes and even caused a few fatalities. An editorial claims that the company will not be held accountable to the same standards as the asbestos companies that paid severe fines and even went out of business due to their lack of attention to environmental clean-up. You agree...
Question 10 5 pts Social Problems, Chapter 2 The distribution of income in the United States over the past thirty years has become significantly more unequal. become significantly more equal. stayed about the same. changed to give the middle fifth of the population a significantly larger share. Question 2 5 pts Social Problems, Chapter 2 The authors of this text take the view that the social classes in U.S. society relate to one another in terms of dependence and exploitation....
Match the following: Adam Smith David Ricardo John Maynard Keynes Choices: (2 are not used.) a. founder of modern market economics comparative advantage-argument for mutual benefits of international trade comparative advantage-emphasized job displacements of international trade founder of modern macroeconomics invented capitalism duo If a firm has trouble selling its good, it can lower price. increase demand. decrease supply. both a) and b) are correct. 6. People often pay too much for goods because they are not aware of which...
Chapter overview 1. Reasons for international trade Resources reasons Economic reasons Other reasons 2. Difference between international trade and domestic trade More complex context More difficult and risky Higher management skills required 3. Basic concept s relating to international trade Visible trade & invisible trade Favorable trade & unfavorable trade General trade system & special trade system Volume of international trade & quantum of international trade Commodity composition of international trade Geographical composition of international trade Degree / ratio of...
How can we assess whether a project is a success or a failure? This case presents two phases of a large business transformation project involving the implementation of an ERP system with the aim of creating an integrated company. The case illustrates some of the challenges associated with integration. It also presents the obstacles facing companies that undertake projects involving large information technology projects. Bombardier and Its Environment Joseph-Armand Bombardier was 15 years old when he built his first snowmobile...