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

Jing-sheng facilitated a hiring committee for his advertising company. six employees (including two managers) met together to discuss applicants and select the finalists for a copywriter position in the public relations department. although the head of public relations would have the final nod on the candidate that would ultimately be hired, the evaluative work of the committee was very important because this group would send forward those persons they believed would be good work colleagues. in setting up this type of hiring process, the head of public relations was utilizing a(n) style of leadership. a. autocraticb. free-reinc. contingentd. participative

Explain the relationship between consumers and producers in economic growth and activity

Suppose farmer lane grows and sells cotton in a perfectly competitive industry. the market price of cotton is $1.64 per kilogram, and his marginal cost of production is $1.44 per kilogram, which increases with output. assume farmer lane is currently earning a profit. can farmer lane do anything to increase his profit in the short run? farmer lane: a. cannot do anything to increase his profit. b. may or may not be able to increase his profit. c. can increase his profit by raising his price. d. can increase his profit by producing more output. e. can increase his profit by shutting down.