Question

a. a new business is established with equal ownership where one part has in - country expertise
b. a large - scale project that does not create a new entity
c. a project in which a local government provides in - country expertise
d. a project involving two or more independent businesses entering a new or related business

1. joel a foreign official, has been accepting small presents from another foreign compa - years. his role is to bar other companies from receiving permits to operate. this can be considered as.

a. qid pro quo
b. corruption
c. trade off
d. business as usual

1. money has taken a range of forms across centuries and cultures - some more practical than others. in order to be useful (and support economic growth) money needs to serve the following functions:

a. divisible, portable, and durable
b. medium of exchange, store of value, and unit of account
c. divisible, durable, and difficult to counterfeit
d. accepted as payment for labor, goods, and services

1. bartering involved trading one good or service for another rather than using money to facilitate exchange. from an economics standpoint, the greatest disadvantage to using barter is that:

a. barter emphasizes community - building rather than work
b. barter limits economic productivity and growth
c. barter promotes local versus global economic development
d. barter applies to future contracts only

1. technology developments have enabled a variety of alternative currencies and payment options including cryptocurrencies, mobile wallets, brand, or regionally - based currencies. although the underlying technologies may differ, the common denominator is.

a. they are backed by the faith and credit of the issuing government.
b. they are legal tender for all debts public and private.
c. they serve the three functions of money.
d. they are not a viable replacement for money at this time.

1. in a legal context, a tort is ______________ that is generally remedied through payment of monetary damages.

a. a violation of criminal law
b. a violation of the social contract

Explanation:

1. Accepting gifts to influence official - duties is corruption.
2. Money serves as a medium of exchange, store of value, and unit of account to support economic growth.
3. Bartering limits economic productivity as it lacks the efficiency of money - based transactions.
4. Alternative currencies and payment options serve the three functions of money like traditional money.
5. A tort is a civil wrong generally remedied by monetary damages.

Answer:

1. B. Corruption
2. C. medium of exchange, store of value, and unit of account
3. B. barter limits economic productivity and growth
4. C. They serve the three functions of money
5. (No complete option provided in question 16, but a tort is a civil wrong)