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Question
________ is a market imperfection that results when sellers have incomplete information about customers.
a) Adverse selection
b) Pecuniary externality
c) Nonpecuniary externality
d) Deadweight loss
Answer
This answer is hidden. It contains 18 characters.
Related questions
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Grameen Bank loaned to groups or circles of women, who were responsible for allocating the borrowings among themselves and for ensuring that the borrowings were repaid. This is an example of ________.
a) market risk hedging
b) microfinance
c) micropatronage
d) fair trade movement
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TMX, a manufacturing company based in the U.S. decides to expand to emerging market countries in Africa. The company uses individualized incentives to motivate employees in its new branches but find that such incentive programs are not working. Which of the following is the most likely explanation for its failure?
a) The transparency of regulation and the nonservicing of payments is high in emerging markets
b) The demand side of corruption is high.
c) The collectivist culture of the country is hostile to such incentive programs.
d) The performance of employees in emerging markets is independent of the incentives provided.
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Transparency Internationals Corruption Perceptions Index (CPI) pertains to the corruption in a country or the demand side of corruption.
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Emerging Markets
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International concern about Chinas human rights have centered on which of the following?
a) the persecution of the aged
b) persecution of religious minorities
c) the increasing economic inequities in the Chinese society
d) the increasing rate of unemployment and underemployment
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When the Party Congress is not in session, authority passes to the ________, which convenes at least twice annually.
a) Central Committee
b) Politburo
c) state work units
d) Standing Committee of the Politburo
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26) Ethnic Chinese are also known as the ________ people.
a) Xia
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c) Sui
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The Labor Contract Law took effect in 2005 and provided for rights that are as extensive as those found in Europe and the United States.
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No company is allowed wholly foreign-owned enterprise (WFOE) status in China.
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The Politburo is responsible for the ongoing administration of the CCP.
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Confucian behavioral norms display a strongly particularistic, as opposed to universal, inclination.
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Beijing lifted import restrictions in 1978 under its open-door policy recognizing China's need for exposure to Western products, ideas, and capital.
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A central feature of Chinas First Five Year Plan was the collectivization of agriculture.
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Write a short note on the tasks of the European Commission and the Council of Ministers.
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a) Maastricht Treaty
b) Treaty of Lisbon
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d) Treaty of Rome
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What do the antitrust laws of the US and EU have in common?
a) Both laws have per se offenses.
b) Both rely frequently upon voluntary approaches to regulation.
c) Neither allows defenses such as economic consequences.
d) Both aim at promoting competition.
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The EU operates under the principle of ________, which is the intention to accomplish as much as possible at the level of the member states.
a) mutual recognition
b) subsidiarity
c) comitology
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Council decisions involving foreign and security policy require ________.
a) qualified majority
b) double majority
c) unanimity
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The European Union uses the precautionary regulation more readily than the United States.
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Alternatives that are contrary to the law or company policy are eliminated in the ________ stage of the framework for the analysis of nonmarket issues.
a) analysis
b) choice
c) enforcement
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Which of the following is the final stage of the nonmarket issue life cycle?
a) interest group formation
b) legislation
c) administration
d) enforcement
Q:
The nonmarket strategies focus on adaptation to change during which of the following stages in the nonmarket issue life cycle?
a) interest group formation
b) legislation
c) administration
d) enforcement
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Opportunities can be controlled by ________ at one extreme and ________ at the other extreme.
a) competitors; customers
b) customers; suppliers
c) government; markets
d) markets; buyers
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Nonmarket strategy is essential because in its absence competitors in the nonmarket environment will influence the outcome of issues and shape the rules of the game to their advantage.
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A firm that decides to enter a country that has open markets relies primarily on a nonmarket strategy.
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Describe the nonmarket environment. Why has the nonmarket environment grown in importance and complexity over time?
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Which of the following is an example of an institution specific to the United States?
a) Congress
b) KORUS
c) Kyoto Treaty
d) News Media
Q:
Due to its importance for managerial and organizational performance, nonmarket strategy is the responsibility of ________.
a) managers
b) clerks
c) lobbyists
d) the board of directors