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Questions and Answers
What type of transaction involves the selling of items produced in the same country?
What type of transaction involves the selling of items produced in the same country?
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Why are workers in developing countries willing to work at lower wages?
Why are workers in developing countries willing to work at lower wages?
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What is a benefit of international trade related to increased quantity?
What is a benefit of international trade related to increased quantity?
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What is a potential drawback of international trade related to human rights and labor issues?
What is a potential drawback of international trade related to human rights and labor issues?
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Access to resources from other countries is a benefit of international trade. Which is the correct example below?
Access to resources from other countries is a benefit of international trade. Which is the correct example below?
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What is a key advantage of sole proprietorships?
What is a key advantage of sole proprietorships?
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In a general partnership, what type of liability do partners have?
In a general partnership, what type of liability do partners have?
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What is a key disadvantage of sole proprietorships?
What is a key disadvantage of sole proprietorships?
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Which form of business ownership is operated by two or more partners?
Which form of business ownership is operated by two or more partners?
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What concept refers to our dependence on other businesses and economies for survival?
What concept refers to our dependence on other businesses and economies for survival?
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What is the income left after all costs and expenses are paid called?
What is the income left after all costs and expenses are paid called?
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Which of the following is a type of economic resource that comes from the earth, water, and air?
Which of the following is a type of economic resource that comes from the earth, water, and air?
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What is the difference between a need and a want?
What is the difference between a need and a want?
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What term describes resources that last for a long time and are created by people?
What term describes resources that last for a long time and are created by people?
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Which term refers to new and improved ways of doing things resulting from competition?
Which term refers to new and improved ways of doing things resulting from competition?
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What is the purpose of imposing tariff barriers in international trade?
What is the purpose of imposing tariff barriers in international trade?
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What happens when a country has a trade deficit?
What happens when a country has a trade deficit?
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Which of the following is an example of a non-tariff barrier to international trade?
Which of the following is an example of a non-tariff barrier to international trade?
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How do tariff barriers affect the price of imported goods?
How do tariff barriers affect the price of imported goods?
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What is the purpose of a balance of trade in international economics?
What is the purpose of a balance of trade in international economics?
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Members of an economic system must answer three questions. What goods and services should be ______ within the system?
Members of an economic system must answer three questions. What goods and services should be ______ within the system?
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Forms of Business Ownership: Sole Proprietorship, Partnership, Co-operatives, ______, Franchises
Forms of Business Ownership: Sole Proprietorship, Partnership, Co-operatives, ______, Franchises
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Sole proprietorships are businesses that are owned by just one ______
Sole proprietorships are businesses that are owned by just one ______
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The key disadvantage of sole proprietorships is unlimited ______
The key disadvantage of sole proprietorships is unlimited ______
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A partnership is a business that is operated by two or more ______
A partnership is a business that is operated by two or more ______
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Explain the term tariff barrier (related to international trade).
Explain the term tariff barrier (related to international trade).
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What is meant by the term "non-tariff barriers in international trade"?
What is meant by the term "non-tariff barriers in international trade"?
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Explain the term : balance of trade. Describe whether Hong Kong has a surplus or deficit of trade.
Explain the term : balance of trade. Describe whether Hong Kong has a surplus or deficit of trade.
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What is a code of ethics in the context of business?
What is a code of ethics in the context of business?
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Define embezzlement and how it relates to accounting fraud.
Define embezzlement and how it relates to accounting fraud.
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Explain the term insider trading?
Explain the term insider trading?
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Explain the concept of the glass ceiling in the workplace.
Explain the concept of the glass ceiling in the workplace.
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Explain the growing issue of E-waste and what is the responsibility of electronics companies?
Explain the growing issue of E-waste and what is the responsibility of electronics companies?
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