Why are the majority of the world's countries left on the margins of globalization? a. many countries continue to rely on protectionist policies that limit their imports and exports. b. many countries have laws requiring such high wages that foreign producers don't want to invest. c. many countries are too underdeveloped to take advantage of the opportunities presented by increasing international trade. d. many countries don't have sufficient natural resources to fuel high levels of industrial production.
2b2t

What does the consumer price index measure? a. the change in prices of all goods and services over time b. the change in prices of specific goods and services over time c. the change in prices of final goods and services over time

Factors like the unemployment rate, the stock market, global trade, economic policy, and the economic situation of other countries have no influence on the financial status of individuals. ( t or f)

Total marketing effort is a term used to describe the critical decision factors that affect demand: price, advertising, distribution, and product quality. define the variable x to represent total marketing effort. a typical model that is used to predict demand as a function of total marketing effort is based on the power function: d = axb suppose that a is a positive number. different model forms result from varying the constant b. sketch the graphs of this model for b = 0, b = 1, 0< b< 1, b< 0, and b> 1. (we encourage you to use excel to do this.) what does each model tell you about the relationship between demand and marketing effort? what assumptions are implied? are they reasonable? how would you go about selecting the appropriate model?