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Values

Abstract ideas about what a group believes to be good, right, and desirable.

Indicates that the units of resources required to produce a good are assumed to remain constant no matter where on is on a country's production possibility frontier?

Constant Returns to specializations

Utilitarianism Philosophy includes the consideration of justice?

False, omits it

Reason behind decline in US share of world output in 2010

Faster economic growth of developing economies, particuarly in Asia

Moral theorists argue that _______ form the basis for the moral compass that managers should navigate by when making decisions that have an ethical component.

Fundamental human rights

Emphasis of individualism leads to

High degree of managerial mobility between companies

Cultural Change directional?

Yes, with national cultures converging toward some homogeneous global entity

4 Porter attributes that shape the environment in which local firms compete

Factor Endowments Demand Conditions Gov policies and regulations Demand conditions

Shabnam Saraya (music video)

Singer from Tajikistan

Max Weber: protestant ethics paved way for development of capitalism in western europe and us

TRUE

US/ Samalia article

US tries to squeeze Somalia to enforce economic policies, could lead to black market

Justice Theories

typically focus on the attainment of fair and equitable distribution of economic goods and services


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