A drawback of communism, which was adopted by some countries in the 1900s, was the inability of people to make basic choices such as where to work or what to buy.
Answer the following statement true (T) or false (F)
True
Countries that adopted communism in the 1900s did not thrive. Most imposed authoritarian governments that suspended individual rights and choices. People were unable to make even basic choices such as where to work or what to buy. Without the free market to establish what to produce, crippling shortages and surpluses developed. See 2-4: Planned Economies: Socialism and Communism
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According to the factor-endowment theory,
a. the abundant factor gains from trade. b. the scarce factor gains from trade. c. those disadvantaged by trade outnumber those advantaged by trade. d. everyone necessarily benefits from trade.
To prepare for mishaps, either natural or malicious, many organizations have well-planned programs in place, called _____.
Fill in the blank(s) with the appropriate word(s).
Thomas is writing a report which contains a column (vertical) bar chart that shows last year's employee enrollment in three management training programs: conflict resolution, time management, and team building. Which of the following statements best interprets and analyzes the graph?
a. Figure 1 shows enrollment for each of the management training programs we offer. b. As Figure 1 indicates, the enrollment for team building was almost double that of time management, and conflict resolution was the highest of the three. c. The enrollment for time management was 42; for team building it was 81, and for conflict resolution, it was the highest at 127. d. Figure 1 data indicate that employee management training needs are shifting from training in time management and team building toward conflict resolution.
Partners may elect whether or not the partnership will be taxed as a separate entity
a. True b. False Indicate whether the statement is true or false