Command economies - Study guides, Class notes & Summaries

Sociology 101 Straighterline Exam Questions and Complete Solutions __________ involves aspects of social life that have to do with order, stability, and social organization that allow societies and groups to hold together and endure. - Answer: Social statics Herbert Spencer viewed society as a system, having important similarities with - Answer: a biological organism __________ refers to processes of social life that pattern institutional development and have to do with social change. -...

Part One What Is Economics? This opening Part of the book provides an introduction to economics. The central themes of Chapter 1 are scarcity, choice, opportunity cost, and the self-organizing role of markets. The chapter also examines the gains from specialization and trade, the role of money, the effects of globalization, and ends with a discussion of the various types of economic systems. Chapter 2 examines how economists build their models and test their theories. It also addresses ce...

WGU D080 study for OA With Complete Solutions ACTUAL EXAM Q&A Graded A+ Latest Update WGU D080 study for OA With Complete Solutions What is globalization? - Answer as international integration arising from the exchange of world views, products, ideas, and other aspects of culture. What is Culture Globalization? - Answer refers to the transmission of ideas, meanings, and values around the world in such a way that extends and intensifies social relations. What is Politic...

WGU D080 OA Final Questions With Complete Solutions | Latest Update Graded A+ 2023/2024. What are some issues that can arise when a company moves to another country? - Answer Ethical issues, governmental policies, and economic restrictions are all likely when a company moves into an unfamiliar global space. A multinational company may also face infrastructural and technological challenges in a developing country. What is Anarchism? - Answer which contends that individuals should control poli...

WGU D080 OA Final Questions With Complete Solutions Latest 2023/2024 Graded A+. What are Globalization drivers? - Answer *Market *Cost *Competition *Government What is a market globalization driver? - Answer Opportunity for scale Convergence of needs What is a cost globalization driver? - Answer Deals with economies of scale and scope, Exploiting cost of factors of production What is a competitive driver in globalization? - Answer new markets increase levels of trade What is a governm...

Chapter 01 The Economic Problem     
Multiple Choice Questions
  1. What do economists mean when they say that the economy faces scarcity? 
A. There are fewer resources available than there were in the 1960s.
B. It is quite evident that the world is running out of resources.
C. The economy is producing far below its capacity to produce.
D. The resources available are not sufficient to produce all that everyone wants.   
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ECS1500 Assignment 1 Semester 2 2023 (ANSWERS) Question 1 Incorrect Mark 0.00 out of 2.00 Flag question Question text The service of an information technology specialist will form part of the production factor, capital. Select one: a. True b. False Feedback Your answer is incorrect. The service of an information technology specialist will form part of the production factor, labour. This entails the use of the abilities and talents of a person who will be paid a wage or salary...

Microeconomics correct answers study of the individual firms, consumers, and markets within the economy Macroeconomics correct answers study of the aggregate (whole) economy Three Big Questions correct answers 1) What? 2) How? 3) For whom (owl question)? What? correct answers What goods and services will be produced and in what quantities? How? correct answers How will the goods and services be produced? For whom (owl question)? correct answers For whom will the goods and services...

Strategy correct answers A concrete expression of how an organization intends to compete and win in the marketplace How can strategy be expressed? correct answers -Product/market focus -Value proposition -Core activities Generic Strategies correct answers -Broad in nature -Describes general approaches to competing that can be used in all industries Who correlates to "Cost and differentiation" correct answers Micheal Porter Who correlates to "Prospector, Analyzer, and Defender"...

Process State Diagram Order. Answer: 1) New 2) Ready 3) Waiting 4) Running 5) Terminated What are hardware locking solutions for the critical section? Answer: Atomic Instructions (e.g., test and set, swap) Which of these is an advantage of multiprocessors and multi-core technology? Answer: 1) Increased reliability 2) Economies of scale 3) Increased throughput Describe how an operating system can be viewed differently depending on the use case (e.g., adminis...

In a market-oriented economy, the amount of a good that is produced is primarily decided by the interaction of: producers and government planning committees. producers and input suppliers all consumers correct answers buyers and sellers Which of the following best describes a monetary policy tool? taxes government spending household savings correct answers interest rates Which of the following is most likely a topic of discussion in macroeconomics? a decrease in the productio...