JOURN_reallyMemo

VALUES & ATTITUDES PERSONAL COMMUNICATION CULTURE MANNERS & CUSTOMS EDUCATION SOCIAL STRUCTURE PHYSCIAL & MATERIAL ENVIRONMENTS RELIGION AESTHETICS

Examples with expla only each

Decide whether each of the following descriptions most closely corresponds to being part of a command system, a market system, or a laissez-faire system. a. A woman who wants to start a flower shop finds she cannot do so unless the central government has already decided to allow a flower shop in her area. b. Shops stock and sell the goods their customers want but the government levies a sales tax on each transaction in order to fund elementary schools, public libraries, and welfare programs for the poor. c. The only taxes levied by the government are to pay for national defense, law enforcement, and a legal system designed to enforce contracts between private citizens.

Every week, Mary plays the piano for three hours, and her grade on each English test is 80 percent. Last week, after playing for three hours, Mary considered playing for another hour. She decided to play for another hour and cut her study time by one hour But last week, her English grade fell to 60 percent. Did Mary make her decision on the margin? OA Mary's decision was not made at the margin because she could have chosen not to play the piano but didn't OB. Mary's decision was not made at the margin because the marginal cost of a lower grade always exceeds its marginal benefit Oc. Mary's decision was made at the margin because her grade fell by only 20 percentage points OD Mary made her decision at the margin because she considered the benefit and cost of one additional hour of playing the piano OE Mary's decision was not made at the margin because she didn't compare the total benefit and total cost of a third hour of playing the piano

Capitalism has accomplished many things, but I feel that the most important thing is the bringing together of the societies together to benefit one another. A key driver of capitalism is competition. The book talks about how competition makes individual pursuit of self-interest socially beneficial. We are constantly trying to lower our manufacturing costs to ensure our prices are lower than our competitors and so we get more business. The competition factor keeps businesses in the race to become better and better year after year. Its prospects for the future are bringing farther away markets closer together through the power of the internet. We see this a lot with Ecommerce now. For example, dropshipping allows companies to reach out to manufacturers all over the world to produce goods for them at the lowest cost. 100 years ago, you would not have been able to do such a thing. This brings a sense of one large global market much more likely of an outcome if we continue to defy geography…

What are the key elements of the scientifific method and how does this method relate to economic principles and laws?

in your own words describe The three economic systems: Command, Market, and Mixed economy

Doing business in Africa is influenced by the following concepts: O Culture O History O Politics Laws O All of the above

Scenario Wanda thinks the domestic market has been flooded with start-up companies offering gourmet dog biscuits. But she believes that perhaps she has a real opportunity to grow her business by participating in the global market. She has heard of other small businesses "going global," but she isn't sure what that would entail. Your Task Conduct research on taking Salty Pawz into the global economic environment, into a global market and then present your research to Wanda detailing what it would take for her business to go global. Begin by identifying four key issues Wanda should consider before expanding Salty Pawz globally, using global business issues discussed in the text for this course as your reference. It may be helpful for you to think about these four issues as major questions that will need to answered in order for Wanda to make a sound business decision on whether or not to take Salty Pawz global. For example, does Wanda need to consider cultural issues because not every…

One of the following phenomena has been inaccurately described. Which one is it? a. Offshore outsourcing is both an example of an contributes to the globalization of business. b.A deep-seated cultural preference for having boy babies no longer affects the cultural landscape of South Asia. c. The negative consequences of the Green Revolution are somewhat mitigated by agroecology. d.The Grameen Bank has offered microcredit loans to many poor people, enabling them to work themselves out of poverty.

What comes to your mind when you hear the word humanities?

Part A: Which of the following are examples of specialization? Check all that apply.   A. Akshay understands people, and Eleanor is an expert on sports; therefore, Akshay is a therapist, and Eleanor is a sports commentator.   B. Victor is a fashion designer. He hires a domestic worker to clean his apartment twice a week so that he can concentrate on designing.   C. Felix and Megan each spend half the day tutoring and half the day grading papers. In between tutoring and grading papers, they each must spend an hour driving home from the tutoring center and getting set up for grading papers.   Part B: Which of the following are necessary conditions for specialization to occur? Check all that apply.   A.Individuals focus only on the tasks they prefer.   B. Everyone must be equally productive at the same task.   C. A system of exchange must be in place.   Part C: Megan is one of the top race car drivers in the world. Megan has two kids age 12 and 14.   True or…

What is your opportunity cost for taking the time to study for a test?

In what ways can cross-cultural communication aid in the ability to work in diverse, international groups?

The "Freshwater" school of economic thought is commonly associated with - a. Richard Thaler b. Milton Friedman c. Hyman Minksy d. Paul Krugman

Identify the business and economic implications of differences in culture.

How does sociology affect the economics of a region?

Make a list of the ways competitiveness can affect the quality of life.

A television program examining the issue of Mexican immigration stated that most economists believe immigration is a benefit to the United States. a. State the chain of reasoning underlying this view. b. From a normative perspective, is the key issue wage effects on native workers or subsidies of immigrants by the host country? Why?

Briefly identify and state the significance of each of the following to the History of economic thought, the Holly Alliance of 1815, List, infant industry argument, Roscher, Schmoller, Methodenstreit, Weber, Protestant ethic, R. H. Tawney, Sombart, and Socialists of the Chair.

How did the Spanish system in Mé xico, from 1500s to 1810, create the seeds or causes for rebellion of 1810? Think of economic (landlords') exploitation (see agriculture and labor handout), also rising wealth of the criollos, economic problems of the 1700s and 1800s (use notes from the video lecture)

Choose three examples of Technology.   Biology Loam Soil Plastic Agriculture Engineering Everyday Life

What will the dollar amount of economic gain or economic loss be?