Opponents of free trade zones might use this map to argue that free trade organises nations into regional exclusionary blocs. Hence, option (c) can be regarded as the suitable choice of answer.
Give a brief account on free trade areas.A free trade area is a territory where several nations have joined together to sign free trade agreements and retain few to no trade restrictions such as tariffs or quotas. Free trade zones enable international trade, the related benefits from trade, as well as the global division of labour and specialisation. However, they have come under fire for the expenses associated with advancing economic integration and for arbitrarily limiting free trade. A free trade area is a collection of nations that have agreed to erect little or no trade restrictions, such as tariffs or quotas, between them. The volume of international trade between participating nations tends to expand in free trade zones, and this enables them to further specialise in areas where they have comparative advantages.
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what did dwight eisenhower explain as the opportunity cost of the nuclear buildup due to scarcity?
The opportunity cost of the nuclear buildup due to scarcity, as explained by Dwight Eisenhower, was that resources, both financial and human, that would have been used to fund other projects or initiatives were instead diverted to the nuclear buildup.
This, in turn, limited the ability of the government to fund other programs and initiatives that may have been of economic and social benefit.
The value of the next-highest-valued alternative use of a resource is what economists mean when they talk about its "opportunity cost."
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Unfortunately, you only have a few hours after work to do whatever you want this weekend. You would enjoy hanging out with friends at a concert they want to see, but you are not a fan of the band. You enjoy doing well in school and usually enjoy your studies, and so would rather study than go to the concert. There is a movie coming out this weekend that you would prefer to see instead of studying. What are the benefits and opportunity costs of these activities
Having fun, missing movies, achieving higher marks, Having fun and achieving higher grades . Better grades, missing the movie and the concert
Which country has the absolute advantage in producing dates?Therefore, Mali has a clear advantage when it comes to manufacturing dates. The capacity for growing grains per farmer is equal across the two nations. As a result, neither nation has a distinct edge in terms of grain production. The expense of the rejected option is known as the opportunity cost.
You can express electronics prices in terms of food units. The range of electronics costs where trade could benefit both nations is Price must be greater than 2 food units but less than 4 food units. International trade is a decision made by two nations that benefits both of them in the long run. A nation can consume a combination of items that is beyond its original production potential frontier through specialisation and trade.
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Write down the budget set and budget line in equations for the case without regulation on cigarettes amount.
Without regulation, the budget set for a consumer can be represented as x_1 + x_2 <= m and the budget line can be represented as x_1 = m - p_2 × x_2, where x_1 is the number of cigarettes purchased, x_2 is the number of other goods and services purchased, m is disposable income and p_2 is the price of other goods and services.
The budget set for a consumer without regulation on the number of cigarettes that can be purchased can be represented as an equation in the form of:
x_1 + x_2 <= m
Where x_1 represents the number of cigarettes purchased, x_2 represents the quantity of all other goods and services purchased, and m represents the consumer's disposable income.
The budget line for a consumer without regulation on the number of cigarettes that can be purchased can be represented as an equation in the form of:
x_1 = m - p_2 × x_2
Where x_1 represents the number of cigarettes purchased, x_2 represents the quantity of all other goods and services purchased, m represents the consumer's disposable income, and p_2 represents the price of all other goods and services.
This equation shows that the consumer can purchase any combination of cigarettes and other goods and services as long as they stay within their budget constraint (m).
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which trade organization is responsible for 90% of the worlds trade ?
The EU
ASEAN
The WTO
NAFTA
Answer: The WTO
Explanation:
Claims for which formal instruments of credit are issued as proof of the debt are _____.
(a) accounts receivable
(b) interest receivable
(c) notes receivable
(d) other receivables.
The correct response is (c), since notes receivable are bills of exchange, official forms of credit, and they can also be endorsed.
What are Receivable Notes?Asset accounts are linked to an underlying promissory note, which specifies in writing the payment terms for a purchase between the "payee" (typically a company, sometimes referred to as a creditor) and the "maker" of the note (typically a customer or employee, sometimes referred to as a debtor). Notes receivable are also known as "notes payable." A company can have notes receivable with any other party, including another company, a financial institution, or an individual. They typically arise when a customer requires longer payment terms than the standard billing terms for a sale. Payees charge interest and require a signed promissory note for legal purposes in exchange for agreeing to a slower payment. Another way that notes receivable are created is through employee cash advances in which the employer requires the employee to sign a promissory note.
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John, the vice president of product development, not only stays with a chosen course of action on a product but continues to make increasing levels of investment even though the decision appears to be flawed. This course of action is known as ________
Escalation of commitment is the name given to this line of action.
What is Escalation of commitment?Escalation of commitment is a pattern of human behavior in which a person or group continues to behave in the face of more unfavorable results from a choice, action, or investment rather than changing their behavior.
The term "commitment bias" refers to our propensity to stick with our prior activities, especially those that were displayed in public, even though they did not provide the desired results. When a decision-maker invests resources in a course of action in the hopes of reaching a favorable conclusion and receives unfavorable outcomes, there is a danger that their commitment may escalate.
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Multiple choice question 81 in moyer company, the cutting department had beginning work in process of 6,000 units, transferred out 16,000 units, and had an ending work in process of 3,000 units. How many units were started by moyer during the month? 19,000. 10,000. 13,000. 16,000
Moyer launched 13,000 units throughout the month. Hence, 13,000 is the correct answer.
What does work in the process means?Work in progress, goods in process, or in-process inventory refers to a company's partially completed products that are awaiting completion and ultimate sale, or the worth of these things. WIP is a critical input for computing inventory on a company's balance sheet, and it is utilized in supply chain management.
WIP inventory refers to things that are in production but have not yet been completed. WIP inventory is consolidated into the inventory line under current assets on the balance sheet, along with raw materials and completed items.
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very employee helps the business achieve its financial goals. How do support staff help the company achieve its financial goals
They keep equipment maintained. And They conserve the use of office supplies.
An economic aim is any plan you have for your cash. you could have short-time period monetary dreams (like saving up $1,000) or lengthy-term financial goals (like investing for retirement). You must set desires for every vicinity of your lifestyle, however, having financial goals allows you literally placed your money wherein your intention is.
Key brief-term desires consist of putting a price range, reducing debt, and starting an emergency fund. Medium-term dreams should encompass key insurance rules, while lengthy-term goals want to be centered on retirement.
Examples of various sorts of monetary desires encompass: Create a price range. store for retirement and different lengthy-term plans. keep for short-time period and mid-time period plans. pay off debt.
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Complete question:
Every employee helps the business achieve its financial goals. How do support staff help the company achieve its financial goals?
the fourth industrial revolution is where advances in _______ are radically shifting the way we work, live, learn, and interact with each other.
Advances in Industry 4.0 are radically changing how we operate, live, study, and interact with others throughout the fourth industrial revolution.
What exactly is meant by "radically"?totally or incredibly: Heavily altering the trajectory of his life was the accident. Compared to our rivals, our strategy is vastly different.
What does shifting entail in the corporate world?A focus shifted in business refers to a significant change or advancement in the manner in which a firm or business generates its products or services. They frequently improve the effectiveness and caliber of a business's output while fundamentally altering the way in which it functions.
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which of the following would not be considered a conversion cost by a baking company? a. Flour b. Depreciation on oven c. Electric costs
d. Baker
Flour would not be considered as conversion cost by a baking company.
What is a conversion cost?The conversion cost is the expense made by any industrial company to turn its raw materials into finished products that can be sold on the market. It frequently includes actual costs like administrative and manufacturing overheads in addition to the total cost of labor. Manufacturing Costs known as "overheads" may be directly related to each unit of a product or step in a process. These cover costs for items like electricity, rent, depreciation, insurance for the plants, upkeep for the plants, etc. The price of direct labor, which includes salaries, wages, pensions, insurance for those working in production, supervision, etc., is directly connected to how much the product is produced.
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Discuss 2 different types of performance testing. Consider the following questions in your response:
Why should 1 be used over the other?
There are six major Performance Testing Types. Stress Examination, Spike checking, load testing, endurance evaluating, application, and scalability testing is especially useful are all types of testing.
Load testing is the most basic type of performance testing. You apply an ordinary or predicted workload to a device under test and watch what happens. Load tests can be used to ascertain overall behavior of the system, latency, and throughput. Load tests are commonly used to validate your quality requirements.
Stress testing is similar to load testing in that we apply a higher-than-expected workload to determine how the system will behave under severe stress and then when surpassing the allowable limit. You want to understand when your system fails and how it begins to fail in a dangerous traffic situation.
if an individual wants to tests application performance at peak times then he should go for stress Examination otherwise load testing.
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Trainers should aim the level of the training at ____ of the group of trainees.
a. the top level
b. somewhat above the average level
c. the bottom level
d. somewhat below the average level
Trainers should aim the level of the training at somewhat below the average level of the group of trainees.
What does the word "training" mean?Training is the process of enhancing a worker's knowledge and abilities to do a specific profession. It aims to enhance trainees' work behavior and performance on the job. Training is the process of imparting knowledge and abilities that pertain to certain practical capabilities, either to oneself or to others. The purpose of training is to increase one's ability, capacity, productivity, and performance. Enhancing an employee's knowledge, talents, and skills to perform a certain task is done through training. Employees' mindset is changed during the training process, which results in high-caliber performance. Its nature is constant and unending.
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where are the final goods and services produced that are included in germany's gdp?
In Germany, the final goods and services produced are included in Germany's GDP.
Germany has a social market economy that is very advanced. Its national economy is the biggest in Europe, ranks fourth globally in terms of nominal GDP, and ranks fifth globally in terms of GDP (PPP). The International Monetary Fund estimates that in 2017, the nation contributed 28% to the economy of the euro region (IMF).
Germany is a founding member of both the Eurozone and the European Union. With a $310 billion trade surplus, Germany had the largest surplus ever in 2016.
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A customer wants to buy $12,000 worth of stock using other marginable securities owned as collateral for the purchase. With Regulation T at 50%, what must the current market value of the securities deposited be
A customer offers to put up other owned bring about a positive securities as backing for the buying of $12,000 worth of shares. The original margin is referred to as this.
Which one of the following can be used to satisfy a Regulations T call of initial margin when buying a security?Depositing cash equal to the call will satisfy a first-time Regulation T margin call. listed securities that are marginable and have a loan value equivalent to the call. In order to satisfy a Standard T margin call, an investor may deposit cash or deliver securities with a value equivalent to the loan amount of the call.
How much additional common stock is available for purchase without a deposit?You may borrow up to 50% of the purchase price of margin securities in accordance with Federal Reserve Board Regulation T. The original margin is referred to as this. Some businesses want a larger deposit.
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What is the opportunity cost of production?
The amount of one thing that must be sacrificed in order to obtain more of the other good is known as the opportunity cost of switching from one efficient combination of production to another.
The value or advantage lost by selecting one activity over another is referred to as the opportunity cost in microeconomic theory. More specifically, it means that once you choose one activity, you can no longer choose another. The best activity is the one that, once opportunity costs are deducted, delivers the highest return in comparison to all other activities. For instance, if you possess a car that you use just for personal transportation, you are not permitted to rent it out, but if you do, you are not allowed to use it for personal transportation either. If the cost of transportation without a car is more than the cost of renting one,
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Agency theory examines the relationship between the Multiple Choice shareholders of the firm and the firm's investment banker. owners of the firm and the managers of the firm. board of directors and large institutional investors. shareholders and the firm's transfer agent.
The correct answer is option B i.e. owners of the firm and the managers of the firm. If a department is operating efficiently, a Manager or Supervisor supervises the team members inside that division.
What do managers mean?A manager is a qualified someone who leads an organization and oversees a group of personnel. Managers frequently oversee a certain department within their organization. There are many different kinds of managers, but they typically have responsibilities including making decisions and conducting performance reviews.
Why are managers crucial?Simply said, firms wouldn't succeed without managers. By creating growth with high-performing teams, managers play a significant role in the sector. Overall, managers will always be a key component of every organization because of their involvement in activities like hiring and training new personnel as well as decision-making.
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The primary objective of a particular mutual fund is the payment of dividends, regardless of the market's current state. Capital growth is a secondary objective. Which of the following industry groups would be appropriate for the fund's portfolio? A) Aerospace. B) Computer technology. C) Consumer appliances. D) Public utilities.
Option d is Correct. Groups from the public utilities sector would be appropriate for the portfolio of the fund.
Regardless of the situation of the market at the time, a specific mutual fund's main goal is to provide dividends. Growth in the capital is a secondary goal. They are financial tools that amass funds from many people who have similar financial objectives.
The combined funds are then invested in a variety of financial products, including corporate and government bonds, listed company stocks, shares, and other money market instruments. Hybrid funds invest a significant amount of their capital in equity over the long run. The goal of the retirement fund is to provide long-term income and capital appreciation in order to help retirees accumulate wealth.
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How are individuals and economy similar?
The individuals and the economy are similar as they both must take a clear decision that on how to allocate the resources.
The individuals and economies are seen to be interrelated, as the economic activities of the individuals tend to impact the economy as a whole. Thus, the individuals and economies tend to refer to the collective economic activities which is of people in a certain region or area.
However, with the aspect of the allocation of the resources, both the individuals and the economy must take a clear decision. So, it is important for both the individuals and the economies to manage their resources and make decisions about how to allocate them.
Hence, both the individuals and economies should also manage risk and uncertainty.
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ounty A received equipment that was of a lesser capacity than requested from County B (their mutual aid partner). What best practice is desired to prevent this from occurring
County B provided County A with equipment, however it was of a lower capacity than was asked (their mutual aid partner) To avoid this, standard practices for resource typing are desired.
Resource deployment and use in incidents are defined and categorized by capability, or resource typology. Resource type definitions create a common language and specify a resource's basic capabilities (for tools, teams, and units). Preparedness, Communications and Information Management, Resource Management, Command and Management, and Ongoing Management and Maintenance are the five NIMS Components as described by NIMS 2008. Three NIMS guiding principles are followed by incident management employees while using NIMS components to achieve these priorities: Flexibility. Standardization. Oneness of Purpose. Resources—people, teams, facilities, equipment, and supplies—can be managed systematically by numerous organizational aspects thanks to the National Incident Management System (NIMS) resource management guidelines.
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As you move from left to right, the aggregate demand curve _____. slopes upward slopes downward may slope upward or downward
As you move from left to right, the aggregate demand curve slopes downward.
The aggregate demand curve shows the relationship between the overall level of economic activity and the overall price level in an economy.
When the economy is operating at a high level of economic activity, firms are producing and selling more goods and services, and consumers are buying more goods and services. As a result, the overall price level tends to be higher.
As the economy moves to the right along the aggregate demand curve, the overall level of economic activity decreases, and the overall price level tends to decrease as well.
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Generosity towards others is an example of ______ in the business world. Multiple choice question. weakness accountability caring competence
In the business sector, generosity toward others is an illustration of caring.
A donor in business is what?Giving people are those that want to contribute to a cause and go out of their way to assist others. One must have "a willingness to help others attain their goals" in order to be really inventive and collaborative (Grant, 2013). Then there are what Grant refers to as "toxic takers" (Grant, 2013).
What does kindness in business mean?Accordingly, if you are kind to your customers, business partners, and staff members — if you put in the extra effort, take the extra time, and do whatever you can — they are likely to return the favor.
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Sasha makes pies and sells them from her food truck to local businesses. The business gives them to their employees to celebrate milestones. This is an example of a(n)
The business gives them to their employees to celebrate milestones. This is an example of Catering service.
What is business?Business is an economic activity involving the exchange of goods and services between buyers and sellers. It is a commercial activity conducted between two or more parties to generate profit and increase wealth. Businesses involve activities such as production and distribution of goods and services, marketing, finance, accounting, and human resource management. Businesses can be small, medium, or large and can be either privately or publicly owned. They can be operated locally, regionally, or globally. Businesses have a major impact on the economy, with some businesses having a larger economic impact than others.
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Suppose Garnett and Kennedy own a Pearl District downtown apartment in tenancy by the entirety. If Garnett dies, what type of ownership does Kennedy now have
Kennedy currently possesses sole ownership in the event that Garnett passes away.
What are the benefits of sole proprietorship?The initial costs are low. You are completely private. It's easy to start and run your own business. If things change, it's simple to wind up your business and change your legal structure later.
Who is known as a company's sole proprietor?A person or legal entity that is the legal proprietor of a business is an owner. A corporation, which is a legal entity, may own one or more businesses. The individual owner (proprietor) of a sole proprietorship is specifically referred to as a "sole proprietor."
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Which collaborative technologies have been most commonly used by virtual teams over the past 25 years
The correct answer is teleconferences collaborative technologies have been most commonly used by virtual teams over the past 25 years.
A teleconference is a two-person or more live audio- or video-based meeting. Remote teams within a business may cooperate and communicate even when they are geographically separated because to the capacity to teleconference. An audio conference call between two different places with many people speaking through speakerphones on either end might be an example of a teleconference in its most basic form. written conversation utilising keyboard inputs and a shared programme across two or more computers. Teleconferencing is a conference that takes place over a phone line. It is a general word for using technology to connect individuals between two or more sites.
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A key idea in the Communist Manifesto by Karl Marx and Friedrich Engels is that workers should support the
A key idea in the Communist Manifesto by Karl Marx and Friedrich Engels is that workers should support the the condition for the free development of each is the free development of all.
Karl Marx was a well-known thinker who published works on social, political, and economic issues. Marx, who was born in Germany, spent a significant amount of time in London, where he produced many notable works, such as The Communist Manifesto and Capital (Das Kapital). Marx and his longtime friend and social theorist Friedrich Engels frequently worked together. Marx is well-known for his revolutionary writings that support Communist and socialism.
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What are the 4 factors that influence a purchasing decision?
Cultural, social, personal and psychological are the four factors that influence a purchasing decision .
The appeal of a product can be greatly influenced by cultural and societal influences. Industry organisations invest a lot of money in trying to sway public opinion because they are aware of how culture can affect industry sales. When developing your marketing, keep cultural and social issues in mind. Without offending anyone, you want to draw in as many clients as you can. Consumer behaviour is also influenced by personal variables. Tastes evolve with time. Experts on ageing claim that senior consumer behaviour is extremely varied, indicating that on average, seniors have more motives to make purchases than youth. Motivation refers to the consumer's underlying requirements. A valuable tool is knowing how to inspire your customers. how your potential buyer learns about your goods or views the world.
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A performance appraisal serves all of the following purposes except which of the following?
Select one:
a. It allows the employee to see where he or she ranks against all the other employees in the company.
b. It lets workers know how they can do better in the future.
c. It provides an effective basis for distributing rewards.
d. It lets workers know how well they are doing.
e. It helps the organization monitor its employee selection, training, and development activities.
Option e is correct. Performance appraisals helps organizations oversee employee selection, training and development activities.
Performance appraisals are used to ascertain an employee's performance over a period of time. These ratings are used to highlight both strengths and weaknesses to improve future performance. The term “performance evaluation” refers to the regular review of an employee's job performance and overall contribution to the organization. Performance appraisals, also known as annual reviews, performance appraisals or evaluations, or employee appraisals, assess an employee's skills, achievements, and growth, or lack thereof.
Organizations use performance reviews to provide employees with comprehensive feedback on their work and to justify raises and bonuses, as well as termination decisions. It can be done at any time, but is typically annual, semi-annual, or quarterly. Performance appraisal is the regular evaluation of an employee's performance and contribution to the organization.
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Compute the "Per capita GDP", which can be obtained by dividing the GDP for each state by that state's population. This number helps economists compare the economic activity between regions that have different population sizes. (Round your answers to nearest dollar. )
GDP per capita rises if population growth is slower than economic growth, while it falls the other way around.
What do you meant by Per capita GDP?GDP per capita is calculated by dividing the total gross value contributed by all producers who are residents of the economy by the mid-year population, plus any product taxes (less subsidies) that are not taken into account when valuing output.
The purchasing power parity (PPP) GDP per capita (current international dollars) is calculated by dividing the GDP by the midyear population. The GDP is the total value of goods and services produced by resident producers in an economy for final consumption, regardless of how much of that value is allocated to domestic and foreign claims.
gross private investment plus government spending plus investment plus government spending plus private consumption (exports – imports). "Per capita" is short for "per head." Gdp per capita = Gdp amount divided by population.
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The value principle of ______ is the basis of the income approach to appraisal. Anticipation Capitalization Competition Substitutio
The assumption of future benefits is a fundamental tenet in income property valuation. also known as income capitalization, translates potential property ownership benefits into current revenue
What does an appraisal's income strategy entail?Level II Tutorials for 2022, Page 2 Income Method • The earnings method is based on the idea that an investment property's value reflects the type and amount of income it is anticipated to produce over the course of its life.
The income capitalization approach is what?Any technique utilized to turn a revenue source into value is known as capitalization. Direct capitalisation and yield capitalization are the two main types of income capitalization. Any rate used to transform an estimated future revenues into an estimation of market worth is known as a capitalization rate.
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What happens when a person writes a check but there are insufficient funds in his or her bank account?
This means the check will not be able to be processed and the person will likely incur a fee from their bank. Additionally, the person may be charged a fee by the person or entity to whom the check was written.
What are the common reasons for a check to bounce?There are several common reasons for a check to bounce, including insufficient funds in the account, closed account, an account that is no longer active, or a mistake when writing the check such as incorrect date, amount, or payee. Additionally, if a check is written for an amount that exceeds the account balance and any available overdraft protection, it will also bounce.
What are the consequences of a bounced check?The consequences of a bounced check can vary depending on the reason for the bounce, the amount of the check, and the person or entity to whom the check was written. Some common consequences include incurring a fee from the bank and the person or entity to whom the check was written, a negative impact on the person's credit score, and possible legal action, depending on the circumstances. It is also considered as a criminal offence in some countries and states, if done intentionally or repeatedly. Additionally, if the bounced check was written to a business, it can result in the person being added to a “bad check” database or being banned from doing business with that company in the future.
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