Part of Question completed :
Which basic principle of individual choice does Charles's plan illustrate that his wife's advice does not?
Many decisions are made on the margin.
People usually exploit opportunities to make themselves better off.
Resources are scarce.
All costs are opportunity costs.
Answer:
All costs are opportunity costs
Explanation:
All choices have opportunity costs. If Charles decides to swim, he gives up the time that he could have spent biking or running. The opportunity cost of an hour of swimming is therefore an hour of biking or running, whichever he believes has most value as an alternative which could justify the sacrifice of one hour for swimming alone. There is no information on the value of an extra hour swimming however so we cannot determine whether it is best for Charles to spend time equally on all sports or otherwise.
ANSWER: VIRTUAL TEAM
EXPLANATION:
A VIRTUAL TEAM is also referred to as distributed team or geographically dispersed team, or remote team.
A VIRTUAL TEAM refers to a group of personnel or individuals who work together from varrying or different geographic locations and rely/linked by information and communication technologies.
Examples of incorporated information and communication technologies include email, FAX, and video or voice conferencing services (e.g Skype).
The main reason of this link is to enhance collaborative efforts of the individuals involved towards achieving a particular goal or task.
However, two types of virtual team had been described, which are Global Virtual Team and Local Virtual Team.
Global Virtual Team are located in different countries/cities all over the world. This team may comprise employees of different companies, joining their efforts and resources, towards a shared project and achieving a common goal.
Whereas, members of Local Virtual Team usually belong to the same company, which is either big or small, having adequate resources (information and communication technologies) to establish and maintain virtual team workplaces. Hence, enhancing its employees into a productive remote group.
Why would Canada and United States trade so much?
Well, there are several reasons to this.
- Both are a part of the NAFTA agreement
- They have a very close government and alliance relation.
These can be two reasons why. Best of Luck!
