of consumption. Von Thunen suggested that: Items with the highest value density should be located on the innermost concentric circle The movement of freight and people has evolved over time and can be described as the “spatial evolution of economic systems.” Four major stages have occurred in this evolutionary process. The stages include which of the following? Pre-industrial‚ industrial revolution‚ Fordism‚ and post-Fordism Which of the following is true regarding Lardner’s Law and market
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multinational enterprise. All of these answers Question 2 In high masculinity societies: women are increasingly likely to become politicians and soldiers. men frequently assume the role of nurses‚ teachers‚ and househusbands. there is a sharp role differentiation along gender lines. members place a premium on job security. Question 3 Which of the following is NOT one of the three "middle-of-the-road" guiding principles proposed by business ethicist Thomas Donaldson? Firms should maintain
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Business Economics Assignment Table of Contents Case One ...................................................................................................................................................... 3 Introduction to Factors of Production ...................................................................................................... 4 Traditional Business Vs. E-Business ......................................................................................................... 4 Needs
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A.P. Economics - Test #6 Review Name: __________________________ Date: _____________ ___ 1. A monopolistically competitive firm has a downward-sloping demand curve for its product‚ primarily because: A) there exist no barriers to entry or exit in the long run. B) there are many sellers in the industry. C) the firm sells a product distinct from products sold by competing firms. D) the price is greater than the marginal revenue. ___ 2. Which of the following is most likely to be observed when firms
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The firm can supply the entire market at a lower cost than could two or more firms. [pic] 26) Prime Pharmaceuticals has developed a new asthma medicine‚ for it has a patent. An inhaler can be produced at a constant marginal cost of $2/inhaler. The demand curve‚ marginal revenue curve‚ and marginal cost curve for this new asthma inhaler are in the figure above. With its patent giving it a monopoly for its new inhaler‚
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Quiz Submissions - Weekly Test 02—Organisational Environments and Cultures Top of Form Question 1 1 / 1 point What are the two types of external organisational environments? public and private market-specific and the product-specific organisational and the interpersonal global and the national general and the specific Question 2 1 / 1 point In terms of external organisational environments‚ the ____ environment affects all organisations while the ____ environment is unique to each company
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a type of law referencing formal rules embodied in judicial decisions rendered by courts? Answer Selected Answer: Public Correct Answer: Public Question 2 5 out of 5 points Correct Which of the following is not one of the four primary public policy objectives furthered by laws and regulations applicable to U.S. business? Answer Selected Answer: Promoting governmental regulation Correct Answer: Promoting governmental regulation Question 3 5 out of 5 points Correct Which
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have some level of trust and has an economic benefit. What is Surplus? Surplus is when there is an excess of a good or an offer service; when the supply of a good is greater than the demand for it‚ then there is a surplus of the supplied good. What is a Predatory State? A predatory state is an economic state that seeks to maximize the profits of the wealthy and the government at the cost of the middle and lower-class. US/UK What is Fordism and in what economic system was it dominant?
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does not constitute a form of direct foreign investment? a. Franchising b. International trade c. Joint ventures d. Acquisitions of existing operations e. Establishment of new foreign subsidiaries 2. Which of the following theories identifies specialization as a reason for international business? a. theory of comparative advantage. b. imperfect markets theory. c. product cycle theory. d. none of the above 3. Agency costs faced by multinational corporations (MNCs) may be larger than those
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negative. Question Relative to a competitively organized industry‚ a monopoly produces Answer more output‚ charges higher prices and‚ earns economic profits. less output‚ charges lower prices and‚ earns economic profits. less output‚ charges lower prices and‚ earns only a normal profit. less output‚ charges higher prices and‚ earns economic profits. Question Which of the following is NOT an example of price discrimination? Answer Airlines charging lower prices to travelers who stay
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