Mixed economies Study guides, Class notes & Summaries

In a Microeconomics course using the lecture slides from Chapter 1 of the textbook by McConnel and Brue, students are introduced to the foundational concepts and principles of microeconomic theory. Here's an overview of what is typically taught: Introduction to Microeconomics: Students are introduced to the field of microeconomics, which focuses on the economic behavior of individual consumers, firms, and industries. They learn about the significance of microeconomics in understanding how ma...

C211 WGU Exam Questions and Answers 100% Pass Globalization - Answer- The close integration of countries and peoples of the world Purchasing power parity (PPP) - Answer- A conversion that determines the equivalent amount of goods and services that different currencies can purchase Scenario planning - Answer- A technique to prepare and plan for multiple scenarios (either high or low risk) Risk management - Answer- The identification and assessment of risks and the preparation to minimize t...

MIE 201 Test 1 Makanui 100% Correct Solved business - Correct Answer ️️ -individuals or organizations who try to earn a profit by providing products that satisfy people's needs products - Correct Answer ️️ -a good or service with tangible and intangible characteristics that provide satisfaction and benefits profit - Correct Answer ️️ -the difference between what it costs to make and sell a product and what a customer pays for it nonprofit organizations - Correct Answer ️️...

Revolutionary socialists - ANSWER-Marx and Engels Rosa Luxemburg Social democrats - ANSWER-Beatrice Webb Anthony Crosland Third way socialists - ANSWER-Anthony Giddens Marx and Engles - human nature - ANSWER-human nature, originally fraternal and altruistic, has been contaminated by capitalism, instilling the 'false consciousness' of bourgeois values Marx and Engles - the state - ANSWER-the existing liberal bourgeois state is a tool of the dominant capital class, it must be destr...

What is a supply chain? - Answer-Organizations and activities involved with the flow of products from raw materials to the customer What is supply chain management? - Answer-the art of managing the flow of materials and products, information, and financial resources from source to user Why is supply chain management important to companies ? - Answer-helps companies outpace the competition by managing their materials, product, and information flows Importance of scm to companies - Answer--B...

International Business Chapter 2 Questions and Answers Already Passed 4 types of political systems 1) Individualism 2) Collectivism 3) Democracy 4) Totalitarianism Collectivism stresses the needs of society as a whole - those needs are more important (ex: socialism) Socialism a system that is characterized by public ownership of key industries and private ownership of less vital industries 2 other types of collectivism created by socialism 1) communism 2) social democracy c...

MIE 201 Test 1 Makanui 100% Correct Solved business - Correct Answer ️️ -individuals or organizations who try to earn a profit by providing products that satisfy people's needs products - Correct Answer ️️ -a good or service with tangible and intangible characteristics that provide satisfaction and benefits profit - Correct Answer ️️ -the difference between what it costs to make and sell a product and what a customer pays for it nonprofit organizations - Correct Answer ️️...

Factors of production correct answers Labour, capital, entrepreneurs, natural resources & information Command economy correct answers Relies on centralized get to control all or most factors of production Market economy correct answers Individuals- producers and consumers- make decisions about production and allocation through supply and demand Two most basic types of command economies correct answers Communism & socialism Input market correct answers Firms buy resources from househo...

Interdependence and interconnectedness among companies and countries around the globe. What is globalization? economic: developed economies integrating with developing countries through foreign direct investment, lowering the costs of doing business, reducing trade barriers, and, in many cases, increasing cross-border migration. political: Reduce the importance of nation-states. cultural: The spread of culture has added to processes such as commodity exchange and colonization, which have...

MIE 201 Test 1 business - correct answer individuals or organizations who try to earn a profit by providing products that satisfy people's needs products - correct answer a good or service with tangible and intangible characteristics that provide satisfaction and benefits profit - correct answer the difference between what it costs to make and sell a product and what a customer pays for it nonprofit organizations - correct answer organizations that may provide goods or services but do ...