Which of the following is most likely to be advocated by individualism?
A. Communal property is more highly productive than private property.
B. Public good should be preferred over private profit.
C. State-owned companies should monopolize certain industries.
D. The welfare of society is best served by some collective body such as government.
E. Free market ideologies should be followed for achieving better standards of living.
E
In practical terms, individualism translates into an advocacy for democratic political systems and market economics, which in general creates a more favorable environment for international businesses to operate in.
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Cost-benefit analysis:
a) forces methodical consideration of each impact of a policy on social welfare. b) disciplines thinking and always dictates choices. c) injects untenable calculation into emotional arguments. d) that reveals marginal abatement costs rarely helps regulators find efficient levels of regulation.
With cross-sourcing, how many suppliers provide each component on a regular basis (i.e., excluding backup suppliers)?
A) 1 B) 2 C) 3 D) equal to the total number of components E) equal to the number of countries to which the final product is sold