How would you describe globalization? Thomas Friedman wrote a book called The World is Flat that was published in April 2005. From the title, what would you suggest is his main thesis?
Answer to relevant QuestionsAn entrepreneur quits a job where she was earning $60,000 per year and starts her own business. In this business she is earning $20,000. What is the cost of the business? Suppose the entrepreneur is so happy being on her own ...What is the difference between “absolute advantage” and “comparative advantage”? How can a less developed country like Mexico have a comparative advantage relative to the US?It has been said that “Prices are like giant neon billboards that flash important information.” Describe the types of information that market prices provide.Give an example of an externality between firms, between customers and firm, and between suppliers and firm? A beekeeper, Yung, lives next to an apple orchard. She not only benefits from the bees' honey, which she sells, but she also creates a positive externality for her apple grower neighbor: Yung's bees help pollinate the apple ...
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