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- When is a global strategy appropriate? (Think first of what a global, as opposed to merely international, strategy is.)Answer the given question with a proper explanation and step-by-step solution. Scarcity means A. time and resources spent researching a cure for breast cancer are time and resources that could have been spent researching cures for lymphoma. B. 25 year olds might be more willing to start a family than 35 year olds. C. government funding of federal programs equals the amount paid in taxes. D. all consumers are assumed to have limited financial resources. E. money flows in a circle.Question 6: Albarran – Chapter 7 When a country or nation decides to globalize, it is typically centered on trade and commerce with other countries, importing needed scarce resources and exporting abundant resources. A True B False
- Why global cities are considered “strategic sites” to manage and guide the global economy?In the past, national governments influenced the pace of globalization through agreements to lower barriers to international trade and investment. Is rapid change caused by the pandemic and now the Russia/Ukraine war now outpacing the capability of governments to manage the global economy? Use at least two current examples to help justify your answer.How can this concept be applied or related to the economic recovery of a country from the COVID-19 pandemic? or to the Ukraine-Russia situation?
- What is the opportunity cost of the student incurred by going to college at this time of a global pandemic?The emergence of Covid-19 should affect developing countries more adversely than technically advanced nations such as the United States. This statement is best described as a. a normative statement b. a theoretical statement c. a positive statement d. a microeconomics statementEconomists and others speak of sustainable development as a means for meeting present human needs without compromising the ability of future generations to meet their own needs. As a future engineer, research the concept of sustainable development, and write at least a one-page paper objectively discussing some of the principal issues associated with it. How can this subject can hinder and/or help sustainable development?