Econ2TEST4 Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 1. Five months ago Wilson opened up a health club. Which of the following is an implicit cost related to the health club? a. Wilson paid $120 for an outside laundry service to clean the towels used at the club. b. Wilson paid $100 for the pest control exterminator to spray the health club. c. Wilson previously worked as an accountant‚ earning $3‚000 a month. d. Wilson usually eats four
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firms may employ restrictive trade practices (collusion‚ market sharing etc.) to raise prices and restrict production in much the same way as a monopoly. Where there is a formal agreement for such collusion‚ this is known as a cartel. A primary example of such a cartel is OPEC which has a profound influence on the international price of oil. Firms often collude in an attempt to stabilize unstable markets‚ so as to reduce the risks inherent in these markets for investment and product development.[citation
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Nowadays most of the extractive industries are part of the Organization of the Petroleum Exporting Countries (OPEC). The OPEC countries have the power to sanction (embargo) a non-producing oil company when they do not agree with its actions. This can on turn have negative economic implications on the sanctioned economy. An example of this is the sanctioning of the United States by OPEC countries during the war with Israel (Stutz‚ 2007). Several advantages that include bargaining
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Kevin Auerswald Student ID 4848835 Bradford W. Carey Professional English C1 International Business Administration Frankfurt School of Finance and Management A war has been raging in Mexico’s border towns for nearly a decade as rival drug cartels battle for regional control and the smuggling routes to America. However‚ the Mexican government has declared its own war on the ruthless drug barons. Since Felipe Calderón took office in 2006‚ violence seemed to have run out of control as the only
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used by the Mexican cartels‚ making it ridiculous to claim 90% of illegal weapons came from the U.S. Secondly‚ to say that the federal government is responsible and is expected to reduce the demand for drugs in the U.S. is misplaced‚ as there is in fact no charter that states the federal government is responsible in controlling the demand for illegal drugs. III.4.2. Adaptation of Drug Cartels The implementation of the Mérida Initiative has shown success in removing key drug cartels in Mexico‚ however
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sought to be the most wanted drug trafficker in the world. Joaquin Guzman Loera was born on April 4‚ 1957‚ in La Tuna de Badiraguato‚ Sinaloa‚ Mexico. He’s been pinned as Chicago’s number one enemy because he has connections with the Sinaloa Cartel. This cartel operates on every continent. After being captured by Mexican authorities he was placed into their most maximum security‚ but that can’t stop El Chapo. He went into the shower area‚ then all of the sudden he’s gone. Once the Mexican police officials
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trying to contain the drug cartels out of America. One major problem that the U.S. is facing is that these drug cartels are not part of Mexican authority. They have no direct connection with the government of Mexico. Therefore they are not sponsored by the Mexican Government. On the other hand they are indirectly very involved with the Mexican Government. For example when someone in a Drug-Cartel run area tries to run for a political position and is not approved by the cartel they will not end up winning
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International Business: Strategy‚ Management‚ and 1 Exposure to potential loss or adverse effects on company operations and profitability caused by developments in a country’s political and legal environments. Some examples like: Diverse political and legal systems‚ as managers must adhere to business laws and regulations. Preferential subsidies‚ government incentives‚ and protectionism. International Business: Strategy‚ Management‚ and the New Realities 2 Political or legal factor
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fair competition‚ and cartel behavior is not directly treated as competition issue and not penalized. III. Alternative Courses of Action The DTI’s plan of bringing in cement through the Philippine International Trading Corporation should be a feasible solution in order to gain imported cements. DTI should deal with cartels as a competition issue and penalize anticompetitive behavior. The Philippines needs a strong competition laws like other countries that treated cartels roughly and illegal
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Mexico is absurd but on the other hand I disagree that there is no reason for the violence. I have family in Mexico and I am aware of the violence that is happening right on my back yard. All the violent massacres‚ I believe are uncalled for‚ but the cartels see it as a necessity in order to get a hold of territory. The ways they do their killings have gone too far and it’s disgusting how they consider it an entertainment. The article “Killing for Kudos – the brutal face of Mexico’s 21st Century war”
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