Comparitive advantage Study guides, Class notes & Summaries

WGU C211 Global Economics for Managers Complete Vocabulary| Questions and Verified Answers| 100% Correct (Latest 2023/ 2024) Q: What is resource similarity and how does this impact competitive dynamics? Answer: companies with high resource similarity and low market commonality will find themselves in regular adversarial interactions. Q: What is Classical Theory of International Trade Answer: Mercantilism: A zero-sum game theory that argues countries get richer when they sel...

Scarcity - Answer-Resources are limited (unlimited human needs, but limited resources) The Study of Economics - Answer-How to manage limited resource to maximize the outcome/output Goods - Answer-Tangible Items (clothes, food, etc) Services - Answer-Intangible Items (education, health care) 3 Economic Questions - Answer-What to produce? How to produce? For whom to produce Command/Socialism System - Answer-Centralized decisions about production (ex: soviet union/china) Capitalized/ Fr...

WGU D080 question answered to pass rated A+ASEAN (Association of Southeast Asian Nations) Professionals in the Thai car industry find trading partners through the Association of Southeast Asian Nations (ASEAN) free trade area to market their vehicles to. Globalization when international integration arises from the interchange of world views, products, ideas, and other aspects of culture 01:00 01:17 cultural globalization worldwide spread of similar norms, values, and pra...

ACAM 250 September 11, 2018 2 stage activity 1. What is Asian? a. Being “Asian” in my opinion refers to the racial and ethnic identity of an individual identifying as Asian. The history, culture, and background of a group collectively supports the identification of these individuals. 2. How does it relate to Canadian? a. Canadians are diverse and this is including and not limited to Asian identifying Canadians. 3. How do you relate to these categories? a. I am both Asian and a citi...

study guide for midterm