Answer:
1) False
2) False
3) True
4) True
Explanation:
1) International trade did not begin in 18th century but it started in between 16th and 17th century when the barter system was shifting towards mercantilism. Therefore, answer is False.
2) Twentieth-century although marked duly rise in the female sports fans but marketing efforts were not primarily shifted towards them but included them among the male sports fan base. The female fans created a new segment of marketing which resulted in creating a new product line according to their tastes and preferences. Therefore, the answer is false.
3) Economic sanction does not take into consideration only the economic factors but also various other factors like trade barriers, restrictions on financial transactions, etc. Thus, this makes the economic sanctions more restrictive in nature than the trade sanctions. Therefore, the answer is true.
4) Less affluent countries generally focuses on minimizing the cost and not maximizing the profit in order to meet there requirements effectively. Thus, such countries mostly prefer to use ethnocentric orientation of management system and therefore prefer to operate locally as this would help them minimize the cost and reduce wastage. Therefore, the answer is true.
Answer:
Capital gain tax = $1,540.
Explanation:
As per the data given in the question,
For stocks of A
Profit = (selling price - purchasing price) × units
= ($19 - $23) × 200
= -$800
For stocks of B
Profit = ($57-$41) × 600
= $9,600
Total profit = profit for stock A + profit for stock B
= -$800 + $9,600
= $8,800
Therefore, capital gain for both year = $8,800
Tax rate = 35%
Capital gain tax = Capital gain × Tax rate
= $8,800 × 35%
=$3,080
As share holds for more than a year,
So, Capital gain tax = $3,080 ÷ 2 = $1,540.
Answer: Law of diminishing marginal utility
Explanation: In simple words, law of diminishing marginal utility states that as a consumer consume more of a good or service then the marginal benefit he or she receives from the additional consumption keeps on decreasing.
In the given case, Jenny's excitement keeps on decreasing with every chocolate she receives after a certain point of time.
Hence we can conclude that the given case illustrates law of diminishing marginal utility.
Answer:
individuals will tend to become free riders, and private firms will have difficulty generating enough revenue to produce an efficient quantity of the good.
Explanation:
A public good is a good that is non excludable and non rivalrous. Everyone has assess to the statue and because one person is enjoying the view of the statue does not means another person cannot enjoy the view of the statue
The free rider problem is a form of market failure. It occurs when people benefit from a good or service of communal nature and do not pay to enjoy these services.
Because a public good is non-excludable, the problem of free rider increases so private firms would be unable to generate adequate revenue
