39) Solution: the lack of company loyalty and failure to gain company-specific knowledge
Explanation: In Western societies, one unintended consequence of the philosophy with individualism and individual achievement is lack of firm's loyalty and failure to gain company-specific knowledge
74) Solution: favorable
Explanation: When considering a global business a firm assess whether current (economic) conditions are favorable or not.
83) Solution: Human Development Index.
Explanation: Human Development Accounting is needed for making a comprehensive assessment of human development conditions in any system, however it does not give a single number to synthesize the state of affairs
90) Solution: an increase in the rate of economic growth can lead to higher rates of inflation
Explanation: Economic stabilisation goals can be conflicting that an increase in the rate of economic growth results to higher inflation rate.
39. With individualism and individual achievement one of the most common elements of social structure in...
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SPECIAL ARTICLES tole of Monetary Policy C Rangarajan What should be the objectives of monetary policy? Does the objective of price stability conflict with the goal of achieving...
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Budgetary Policy and Economic Growth Errol D'Souza The share of capital expenditures in government expenditures has been slipping and the tax reforms have not yet improved the income...
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...