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- The Invisible Hand of a Market Economy 1. Adam Smith, in The Wealth of Nations, said the "invisible hand" determines what gets produce, how, and for whom. how individuals and firms working toward increasing their own wealth actually benefit society as a whole. For example, in the auto industry, the interactions between consumers and producers determine how many cars are produced rather than some central planning agency.1. How SWAPNO Super Store (in Bangladesh) Geographically and Demographically segmenting their markets? How current COVID situation has changed consumer behaviors?Subject: Managerial Economics What is a market? Classify markets based on the competition. just give the classification, no explanation required.
- 2.1) Analyse the importance of semiotics in emerging markets, especially that of Brazil.Q2. Compare and contrast a company’s microeconomic environment with a company’s macroeconomicenvironment and state how should the marketers respond to the changing environment.what is the opportunity or threats of Jollibee Corp in terms of GDP in the PH
- 11 Economic factors have no effect on consumer spending and buying behavior. Select one: a. False. b. True.Many critics of government programs to help lowincome individuals argue that these programs create apoverty trap. Explain how programs such as TANF,EITC, SNAP, and Medicaid will affect low-incomeindividuals and whether or not you think these programswill benefit families and children.Discuss how these three predictions do or do not apply to today. 1) The necessary result of competition is the accumulation of capital in the hands a few. 2) The gap between the rich and the poor will gorw. 3) To manage its inner tensions and crises, capitalism will internationalize.
- IF 4a The US has experienced large and growing current account deficits for more than 20 years, whereas Japan has experienced large and growing current account surpluses for roughly the same period. The US economy has grown at faster rates than Japan’sover the past 10 years. a. Use the relationship between the current account and GDP to explain the difference in growth rates between the two economies.1. Describe how the economic environment may influenceZappos’ marketing efforts.It is asserted by some economists that because any individual knows only a small fraction of all that is known collectively, it is impossible to replicate the work of the invisible hand. This line of argument is associated with which of the following school of economists? (a) The behavioural school of economists; (b) The Austrian school of economists; (c) The ‘old’ institutional school of economists; (d) The Schumpeterian school of economists.