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eduard
3 years ago
10

Do all markets function the same way around the world?

Business
1 answer:
Alika [10]3 years ago
7 0
Well honestly, markets are how people function; markets don’t function, people do.

We speak of the “functioning of markets” as a shorthand, a figure of speech because abstracting human behavior to the behavior of a system is useful, as long as we don’t forget that it is an abstraction and not a real thing.

This is the same when we speak of “the roar of the crowd” even though people roar, not crowds. It just takes too long to write “the noise of the people in the crowd roaring at the same time”.

It is easier to write “the functioning of the market” than “what happens as people interact with each other.” Markets are the interactions of people .

So, do people behave and interact the same way around the world? Obviously not. Are the results the same? Yes they are: people serve each other and, in the process, create wealth. But both wealth and service vary by culture.

If that makes sense... anyway, have a nice night!
~Brooke❤️
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Terminating an employee for the use of illegal drugs is an example of a(n) _____ turnover. retentive external voluntary absentee
klasskru [66]

Answer:

involuntary

Explanation:

Involuntary turnover happens when an employee is dismissed from a position and asked to leave. In that respect, employees may be expelled for several reasons, usually for deficient performance and inadequate behavior. In contrast, voluntary turnover occurs when employees quit and the company wishes to keep them.

3 0
3 years ago
Neighbors have gotten into a quarrel over a big black walnut tree that sits on mr. jones' property. the tree's limbs extend over
irakobra [83]
Mr. Simpson has the rights to remove the limb from his property because although the tree is residing in Mr. Jones' property, it does not mean that Mr. Simpson has no rights when the limbs of the tree has occupied his lot. He has the right to do so because the limbs are in his lot, which means he could also has the right to do what he wants with it. If the limbs of the tree was not on his property, then it is only right that he does not meddle with the tree or remove it.
7 0
3 years ago
Carlos approaches a bank for home loan. He is denied the loan when the verification of his credit history through his credit rep
Oksanka [162]

Answer:

C. Fair Credit Reporting Act

Explanation:

Fair Credit Reporting Act was brought into action to lay governance on the credit bureaus regarding their consumers' credit information. The act presents the rules and regulations to be followed to obtain and present the credit details of the consumers. Also, it looks over the manner in which the details are shared with the consumers and others for various other purposes.

According to the given excerpt, the Fair Credit Reporting Act allows Carlos to take an action in case of any error found in his credit report.

6 0
3 years ago
g You need to buy a gift for a young cousin's birthday. You go to the mall and see a girl wearing a Hello Kitty T-shirt. You rem
zhenek [66]

Answer:

The correct answer is: response.

Explanation:

In psychology, Behavioral Learning refers to the school of thought that states only observable behavior influences the learning processes of individuals. There are three main focuses of this approach: <em>Classical Conditioning, Operant Conditioning, </em>and <em>Observational Learning</em>.

While talking about behavioral learning, a response is a behavior that was caused because of a given stimulus. <em>Thus, buying a Hello Kitty backpack for your cousin is the response that caused seeing another girl wearing a Hello Kity t-shirt.</em>

4 0
3 years ago
A company estimates that 0.7% of their products will fail after the original warranty period, but within two years of the purcha
Usimov [2.4K]

Answer:

The company's expected value of each warranty sold = $45.55

Explanation:

x = Resulting value for the company of replacing a failed product = Price two-year-extended warranty - Replacement cost = $48 - $350 = -$302

y = Resulting value for selling extended warranty to a product that does not fail = Price two-year-extended warranty = $48

Px = Probability of X occurring = 0.7%

Py = Probability of y occurring = 100% - Px = 100% - 0.7% = 99.30%

Therefore, we have:

The company's expected value of each warranty sold = (x * Px) + (y * Py) = ((-$302) * 0.7%) + ($48 * 99.30%) = $45.55

8 0
4 years ago
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