Final Exam Practice Questions Multiple Choice Identify the choice that best completes the statement or answers the question. ____ 1. Assume that Greece has a comparative advantage in fish and Germany has a comparative advantage in cars. Also assume that Germany has an absolute advantage in both fish and cars. If these two countries specialize and trade so as to maximize the benefits of specialization and trade‚ then |a. |the two countries’ combined output of both goods will be higher than
Premium Economics International trade Economics terminology
Advantages: Information technology (IT) benefits the business world by allowing organizations to work more efficiently and to maximize productivity. Some of the advantages that IT can have on our enterprise are given as following. 1. Storage: Information technology creates electronic storage systems to protect our company’s valuable records. 2. Automated Process: In business‚ people look for ways to do more work in a shorter amount of time. IT improves our company’s efficiency by developing
Premium Computer security Computer Information technology
Advantages and Disadvantages of Oligopoly When the market is dominated by a few suppliers‚ it is termed as oligopoly. It can be observed in the television industry of the United States‚ where the market is governed by a handful of market players. The advantages and disadvantages of this market form can be clearly demarcated. Oligopoly market form exists in the television and media industry‚ health care insurance industry‚ and cellular phone service industry of the United Sates. This is because each
Premium Economics Monopoly
Advantages of vegetarianism One advantage that cannot be disputed is that vegetarian’s conscience can be at peace in the sense that he does not cause the death of animals grown for meat and fat such as rabbits‚ poultry or pigs. This idea alone persuades many people‚ especially women to start embracing vegetarianism as their way of life. Another undisputable advantage of vegetarianism is that long-term vegetarians are rarely overweight thus people can make losing weight easier by becoming vegetarians
Premium Meat Nutrition Vegetarianism
Advantages and Disadvantages of Marketing By Adrian “Marketing” is defined by Wikipedia as “the process by which companies create customer interest in goods or services… through which companies build strong customer relationships and creates value for their customers and for themselves.” Start with a marketing plan – identifying the customer and their needs and wants. Since the essence of business is fulfilling a need it is an important to know which need you are trying to fulfil. Then you need
Premium Marketing Advertising
Probiotics are live microorganisms which are believed to provide health benefits when consumed. The term probiotics meaning ‘for life’ (pro= ‘for’ or ‘in support’‚ biotic= ‘life’) is derived from Latin & Greek language. The term was first used by Lilly and Stillwell in 1965 to describe “substances secreted by one microorganism which stimulates the growth of another microorganism” i.e. which is exactly opposite of ‘antibiotics’‚ later in 1971 Sperti used the term probiotics to describe “tissue extracts
Premium Bacteria Microbiology Antibiotic resistance
College of Engineering and Computer Science Spring 2013 -----------------------------------------------------------------------------------------------------------------------------------------MEM 501 – Project Management Assignment No. IV ------------------------------------------------------------------------------------------------------------------------------------------ Chapter 6 Resource Utilization TRUE/FALSE Resource-limited scheduling will not extend the project completion time if
Premium Project management
In this report my locality project will be centred on the borough of hackney and mainly centred around crime and the effects it may have on health. Crime is relevant to the topic because crime has a direct effect on health. If a physical crime has been committed on somebody the impact to the victim could affect their health whether the damage is small or massive. Crime is relevant to hackney because it has a high rate of it. Hackney is rated six on Crime in Boroughs of greater London (Hackney council
Premium Crime Sociology Criminology
Introduction 1.1 Why choose Cambridge? University of Cambridge International Examinations (CIE) is the world’s largest provider of international qualifications. Around 1.5 million students from 150 countries enter Cambridge examinations every year. What makes educators around the world choose Cambridge? Developed for an international audience International O Levels have been designed specially
Free Computer Computer graphics
Advantages and disadvantages of networks I’ll start by saying that setting up a network is a serious job and should be done only by a person that is already familiar with the process of networking. The variety of options for setting up a home network can influence on a decision regarding the equipment needed to be purchase. Before deciding what hardware to buy you must first find out which type of network technology to use (by ’type of network technology ’ I mean the way computers connect to
Premium Computer network Internet