Sustainable Economic Models Quiz chapter 5

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What is the fundamental flow in an economy according to Kate Raworth's new model?

Technology

Resources and energy (correct)

Goods and services

Money

In the embedded economy, where is the economy embedded?

In society (correct)

In technology

In outer space

In politics

What do businesses draw from the earth in the embedded economy?

Heat and matter

Money and technology

Waste and pollutants

Resources and energy (correct)

What does the earth usually receive from our economy as a result of business activities?

Waste and pollutants Signup and view all the answers

What is seen as a huge leak in our economy in terms of resources and energy?

Using more resources than the earth can replenish Signup and view all the answers

In the embedded economy, what does added value no longer only mean?

Economic value Signup and view all the answers

What contributes to added value within social groups in the embedded economy?

Volunteers and care for family members Signup and view all the answers

Apart from economic value, what else does added value include in the embedded economy?

Social value Signup and view all the answers

What creates additional value without the use of money in the embedded economy?

Volunteers and care for family members Signup and view all the answers

Where is the concept of wealth created within social groups expanded in the embedded economy?

Social networks and relationships Signup and view all the answers

In the embedded economy, what has a huge impact on each other?

Society and economy Signup and view all the answers

What is the main focus of sustainable business management according to the text?

Creating integrated value Signup and view all the answers

What concept does Christian Felber propose for international (free) trade?

Chrematistics Signup and view all the answers

What does the current model of international free trade lack, as discussed in the text?

Global alignment Signup and view all the answers

What is one of the shortcomings of free trade agreements, as mentioned in the text?

Concentration of global power within a few business groups Signup and view all the answers

What could influence import tariffs in a sustainable world trade system, based on the text?

Cultural diversity Signup and view all the answers

What does the UN sustainability report reveal about the top 20 countries focused on implementing the SDGs?

Most are European countries Signup and view all the answers

What is the primary responsibility of households in the economy?

Ensuring that workers can go to work everyday by supporting their needs Signup and view all the answers

What does the market in the embedded economy refer to?

An uncontrolled free market leading to resource stress and inequalities Signup and view all the answers

What are the commons in the economy?

Shareable resources that people choose to use and govern through self-regulation Signup and view all the answers

What is the role of the state in the embedded economy?

To provide public goods like education and healthcare and support the core caring economy of households Signup and view all the answers

What are the boundaries defined in the doughnut economy concept?

Social foundation and ecological ceiling Signup and view all the answers

According to the concept of creating shared value, why should businesses be involved?

Because businesses have the resources to act and it is beneficial to both sides Signup and view all the answers

In the new type of capitalism as per creating shared value, what changes are needed in business education?

A change in business education to align with creating shared value principles Signup and view all the answers

What does creating shared value focus on in terms of products and markets?

Fulfilling human needs and redefining productivity in the value chain Signup and view all the answers

What is one critique of creating shared value (CSV)?

CSV ignores the tension between social and economic goals Signup and view all the answers

What does new capitalism emphasize in terms of growth?

'The why' behind business decisions Signup and view all the answers

What does open access refer to?

Resources available without any restrictions or governance from community or government Signup and view all the answers

What does traditional capitalism consider as a trade-off?

Social value and financial value Signup and view all the answers

What are some aspects that need to be considered when valuing new business opportunities?

Production cost, demand, competition Signup and view all the answers

What is the primary flow in an economy according to Kate Raworth's new model?

Resources and energy Signup and view all the answers

In the embedded economy, what is considered a huge leak in our economy?

Resource and energy waste Signup and view all the answers

Where does the economy draw resources and energy from in the embedded economy?

The earth Signup and view all the answers

What does added value no longer only mean in the embedded economy?

Economic value Signup and view all the answers

What does the earth receive from our economy as a result of business activities?

Waste and pollution Signup and view all the answers

What is one critique of creating shared value (CSV)?

Focusing solely on profit Signup and view all the answers

What does the market in the embedded economy refer to?

Exchange of goods and services Signup and view all the answers

What contributes to added value within social groups in the embedded economy?

Volunteers and community engagement Signup and view all the answers

What does open access refer to?

Unrestricted use of natural resources Signup and view all the answers

What is the concept proposed by Christian Felber for international (free) trade?

Common good economy Signup and view all the answers

What is the current model of free trade based on?

Each country dedicating its resources to create goods and services that provide a comparative advantage Signup and view all the answers

What is the main shortcoming of free trade in terms of inequality?

Not all countries were equal at the start of the free trade agreements Signup and view all the answers

What does Christian Felber propose for international (free) trade?

Creation of a global planned economy Signup and view all the answers

What factor could influence an import tariff in a sustainable world trade system?

Recognition of the legal rights of nature Signup and view all the answers

What is the UN sustainability report revealing about the top 20 countries focused on implementing the SDGs?

All 20 countries are from Europe Signup and view all the answers

What is one proposed way to limit the power of companies in global trade?

No company may hold more than 1% market share Signup and view all the answers

What impact is felt in Asia due to guidelines on transparency and reporting in Europe and the US?

A shift in local companies' feelings Signup and view all the answers

What does creating shared value focus on in terms of products and markets?

Creating value instead of profit Signup and view all the answers

Why does free trade raise inequality?

Poor countries have to abide by different rules than rich countries. Signup and view all the answers

What is one shortcoming of the global trade system, based on the text?

A difference between economic thinking and chrematistics. Signup and view all the answers

What does sustainable business management aim to achieve in international trade?

Creating value instead of profit. Signup and view all the answers

What is the primary responsibility of households in the economy?

Providing labor, capital, and nature to businesses Signup and view all the answers

What does open access refer to in the context of the economy?

Access to shared resources governed by self-regulation Signup and view all the answers

What is one critique of creating shared value (CSV)?

It ignores the tension between social and economic goals Signup and view all the answers

What does the market in the embedded economy refer to?

A market with shortcomings that over-stresses earth's resources Signup and view all the answers

What is the main focus of sustainable business management according to the text?

Creating shared value for businesses and society Signup and view all the answers

What are the boundaries defined in the doughnut economy concept?

Ecological ceiling and social foundation Signup and view all the answers

What is one proposed way to limit the power of companies in global trade?

'Reregulating' the existing market and embedding it in a new set of rules Signup and view all the answers

What contributes to added value within social groups in the embedded economy?

'Reconceiving products and markets' along with 'redefining productivity in the value chain' Signup and view all the answers

'New capitalism' emphasizes what in terms of growth according to the text?

'Value creation' over profit maximization Signup and view all the answers

'Building supportive industry clusters at the company’s locations' is primarily aimed at?

'Creating shared value' Signup and view all the answers

What does traditional capitalism consider as a trade-off?

Solving social problems at a cost Signup and view all the answers

Why should businesses be involved according to the concept of creating shared value?

To create shared value beneficial to both sides Signup and view all the answers

Sustainable Economic Models Quiz chapter 5

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Questions and Answers

What is the fundamental flow in an economy according to Kate Raworth's new model?

In the embedded economy, where is the economy embedded?

What do businesses draw from the earth in the embedded economy?

What does the earth usually receive from our economy as a result of business activities?

What is seen as a huge leak in our economy in terms of resources and energy?

In the embedded economy, what does added value no longer only mean?

What contributes to added value within social groups in the embedded economy?

Apart from economic value, what else does added value include in the embedded economy?

What creates additional value without the use of money in the embedded economy?

Where is the concept of wealth created within social groups expanded in the embedded economy?

In the embedded economy, what has a huge impact on each other?

What is the main focus of sustainable business management according to the text?

What concept does Christian Felber propose for international (free) trade?

What does the current model of international free trade lack, as discussed in the text?

What is one of the shortcomings of free trade agreements, as mentioned in the text?

What could influence import tariffs in a sustainable world trade system, based on the text?

What does the UN sustainability report reveal about the top 20 countries focused on implementing the SDGs?

What is the primary responsibility of households in the economy?

What does the market in the embedded economy refer to?

What are the commons in the economy?

What is the role of the state in the embedded economy?

What are the boundaries defined in the doughnut economy concept?

According to the concept of creating shared value, why should businesses be involved?

In the new type of capitalism as per creating shared value, what changes are needed in business education?

What does creating shared value focus on in terms of products and markets?

What is one critique of creating shared value (CSV)?

What does new capitalism emphasize in terms of growth?

What does open access refer to?

What does traditional capitalism consider as a trade-off?

What are some aspects that need to be considered when valuing new business opportunities?

What is the primary flow in an economy according to Kate Raworth's new model?

In the embedded economy, what is considered a huge leak in our economy?

Where does the economy draw resources and energy from in the embedded economy?

What does added value no longer only mean in the embedded economy?

What does the earth receive from our economy as a result of business activities?

What is one critique of creating shared value (CSV)?

What does the market in the embedded economy refer to?

What contributes to added value within social groups in the embedded economy?

What does open access refer to?

What is the concept proposed by Christian Felber for international (free) trade?

What is the current model of free trade based on?

What is the main shortcoming of free trade in terms of inequality?

What does Christian Felber propose for international (free) trade?

What factor could influence an import tariff in a sustainable world trade system?

What is the UN sustainability report revealing about the top 20 countries focused on implementing the SDGs?

What is one proposed way to limit the power of companies in global trade?

What impact is felt in Asia due to guidelines on transparency and reporting in Europe and the US?

What does creating shared value focus on in terms of products and markets?

Why does free trade raise inequality?

What is one shortcoming of the global trade system, based on the text?

What does sustainable business management aim to achieve in international trade?

What is the primary responsibility of households in the economy?

What does open access refer to in the context of the economy?

What is one critique of creating shared value (CSV)?

What does the market in the embedded economy refer to?

What is the main focus of sustainable business management according to the text?

What are the boundaries defined in the doughnut economy concept?

What is one proposed way to limit the power of companies in global trade?

What contributes to added value within social groups in the embedded economy?

'New capitalism' emphasizes what in terms of growth according to the text?

'Building supportive industry clusters at the company’s locations' is primarily aimed at?

What does traditional capitalism consider as a trade-off?

Why should businesses be involved according to the concept of creating shared value?

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