1. Which of the following statements best describes the theory of comparative
advantage? Each nation should sell to other countries those goods that it can
produce most efficiently and effectively, and buy goods from other countries that it
Ethical behavior covers a _ range of conduct than does legal behavior.
Which of the following reflects the desire of a manager to achieve a "win-win" relationship in dealing with others?
STANDARD OF LIVING COMPARISON
Is the standard of living different in capitalist, socialist, and communist economies? Which
economic system provides the highest standard of living? One way of answering these questions
is by comparing economi
CHAPTER 4 DEMANDING ETHICAL BEHAVIOR AND SOCIALLY
After you have read and studied this chapter, you should be able to:
Explain why obeying the law is only the first step in behaving ethically.