- Out of the five factors of production, which one(s) seems to be the most important for creating wealth?
- Use the U.S. Department of Labor: Bureau of Labor Statistics website tool to determine the current unemployment rates in your state and county. List the rates and describe how well you believe the United States is doing based on this economic indicator.
- Define comparative advantage and describe an example of this concept at work in global markets.
- What are the differences between a joint venture and a strategic alliance?
- Identify one U.S. multinational company that has been successful in world markets. How do you think they have achieved their success?
Understanding Economic Systems and Business; Competing in the Global Marketplace
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