Consider the influence of Confucian ethics on the economies of China, Japan, South Korea, and Taiwan
What will be an ideal response?
Ans: Confucian ethics has influenced several countries in Asia to lower the cost of doing business thus promoting economic growth. Three Confucian values are essential to the lower cost of business in these Asian countries: loyalty, reciprocal obligations, and honesty in dealing with others. These values are considered an absolute obligation rather than a suggestion which is why they have big implications on the business environment. Because of these values, people in these countries are more willing to substantial resources to a partnership than a country that is more individualistic.
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The unemployment level is determined by the number of unemployed persons divided by the ________
A) total population B) adult population C) aggregate labor force D) total number of employees in the private sector E) total number of employees in the public sector
The legislation that effectively prohibited banks from branching across state lines and forced all national banks to conform to the branching regulations of the state in which they reside is the
A) McFadden Act. B) National Banking Act. C) Glass-Steagall Act. D) Garn-St. Germain Act.