Globalization is the increase in the flow of goods, services, capital, people, and ideas across international borders. Globalization changes the way nations, businesses and people interact. Specifically, it changes the nature of economic activity among nations, expanding trade, opening global supply chains and providing access to natural resources and labor markets.
Answer:
The correct answer is letter "D": Rightward shift of the production possibilities curve.
Explanation:
The Production Possibility Frontier (PPF) implies that as many jobs and resources as possible are produced at the maximum level. That maximizes jobs and reduces unused resources. This ideal state can generally not be attained but is seen as a goal.
Plotted in a graph, the PPF curve displays a mix of goods that can be produced and their ideal volumes of production. <em>Shifts of the PPF curve to the right imply growth while shifts leftwards imply a slow down in production.</em>
Answer:
True
Explanation:
Penetration pricing represents a marketing strategy employed by organisations with the goal of attracting customers to new products or services. These products or services are often offered at lower prices specifically to encourage people to test them and thus bring their awareness to the market, in other words, penetrate the market.
At times penetration pricing is not only used to acquaint consumers to a product, it is also used to thin out a competitor's customer base. Specifically, low prices and as stated in the question heavy couponing are strategies that are used to attract a wide number and range of customers to a product.
Lysol therefore, used penetration pricing based on low sales price and heavy couponing to attract consumers to its sanitizing wipes and when a satisfactory result had been achieved, the pricing rose and the couponing reduced. However, the consumer base is already established.
Explanation:
A. When microchip used in smartphones become less costly to produce, the supply of smartphones are going to increase, causing a fall in equilibrium price and a rise in equilibrium quantity.
since one of the resources used to make smartphones has become cheaper, more smartphones would be produced, raising its supply, increased supply causes fall in price and rise in equilibrium quantity.
B. since the ALS bucket challenge went viral, supply and demand for research would increase, causing equilibrium price or opportunity cost to either rise or remain unchanged. the equilibrium quantity will then rise, fall or remain unchanged
Answer:
183.00%
449.15%
Explanation:
The computation of annual percentage rate and the effective annual rate shown below:
Annual percentage rate is
= Interest rate per month × Total Number of months in a year
= 15.25% × 12 months
= 183.00%
The effective annual rate is
= (1 + nominal interest rate ÷ periods)^ number of period - 1
= (1 + 15.25% ÷ 12)^12 - 1
= 449.15%