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XYZ Association, a carpenters' trade union, adopts guidelines intended to curtail questionable and pervasive activity by its members. Which of the following statements is true about the relationship between XYZ and its members? (Required) 1.0 Because trade associations exist for the benefit of their members, any measure XYZ takes will benefit the members and the association. 2.0 XYZ may make rules to govern its members, but it has no means to enforce them. 3.0 XYZ Association may exert pressure on members to stop engaging in questionable business practices that may harm all firms in the industry, but their pressure is ineffectual. 4.0 XYZ may make codes of ethics and rules to govern their members but it must also make sure that these codes and rules do not breach antitrust laws. In Japan, businesses are free to sell any legal product they want in any manner they desire as long as it does not violate any laws or ordinances. A business is also free to decide what to produce, how to produce it, and at what price to sell it. What type of economic system is employed in the Japan?(Required) 1. The system of business in the Japan is based on the concept of free enterprise, 2. Japan has a command economy. 3. Japan has a socialist economic system because the government guarantees that a business will be successful. 40 Japan has a mixed economy similar to the economic system in Sweden, Canada, and Norway Since World War II, the average business cycle from one peak to the next peak has lasted(Required) 1.0 48 months. 2.0 82 months. 3. O 69 months. 4.0 33 months. Betsy's Clothiers, a dress factory in Boston since 1927, had 100 employees working in her dress- making factory. Many of the employees are women and children who work long hours. She rotates shifts throughout the day so employees do not do the same tasks throughout the entire day. She discovered that this makes it possible for the children to work longer and harder. She also allows employees to take a 15-minute lunch break and two breaks during the day to use the restroom. One of her employees, a ten-year-old named Sam, has complained that it is too cold in the factory to work in the winter and too hot to work in the summer and that 15 minutes is an insufficient amount of time to eat lunch. He has reported Betsy's Clothiers to the mayor and asked that he intervene on behalf of the employees at the factory. Which of the following statements was true about government regulation of businesses prior to 1930 and how this regulatory scheme will affect Sam?(Required) 1.0 Government frequently became involved in the day-to-day activities of businesses so this company should have expected government regulators to intervene in this situation. 2.0 Government agencies published accounts of consumers' grievances and held sellers accountable for their actions so it is likely Sam's story will be heard and acted on. 3.0 Government will probably not interfere because it only became involved in obvious abuse of the free-market system. 4. It was not widely believed that competition would correct abuses in the business marketplace so intervention will be immediate and swift. Eric Cartman inherited money from his grandparents in 2007 and invested it in the stock market. In 2008 the market dropped drastically. During the recession that followed, his portfolio lost thousands of dollars in value even though all of the companies he invested in remained solvent. Eric left his money in the market and kept it invested in the same companies as 2007. What is the most likely state of his portfolio today?(Required) 1. It has most likely gained value due to the uptick in the business cycle and is no doubt worth as much or more than it was worth in 2007. 2. Since an economic recovery generally lasts an average of 10 years, her portfolio gained in value but is currently on the down-turn as the economy entered another period of recession. 3. It has grown then faltered and is most likely worth the same or less than it was worth in 2007 4.0 It has continued to lose value