MNB 1501 ASSIGNMENT 1
Johns Hopkins University
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MNB 1501 ASSIGNMENT 1
- Exam (elaborations) • 6 pages • 2021
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QUESTION 1
The primary purpose in a free-market system is _______________________ while satisfying the needs
of the people.
1 to work for the glory of the state
2 to ensure sustainability
3 to make a profit (Refer to Section 1.4.2 in the textbook)
4 to adhere to the ethics code of conduct
QUESTION 2
The economy in which Vodacom and MTN function is characterised by intense competition and rivalry.
What type of economy is this?
1 Free-market economy (Refer to Section 1.4.2 in the textboo...
Exam (elaborations)
MNB 1501 ASSIGNMENT 1
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QUESTION 1 The primary purpose in a free-market system is _______________________ while satisfying the needs of the people. 1 to work for the glory of the state 2 to ensure sustainability 3 to make a profit (Refer to Section 1.4.2 in the textbook) 4 to adhere to the ethics code of conduct QUESTION 2 The economy in which Vodacom and MTN function is characterised by intense competition and rivalry. What type of economy is this? 1 Free-market economy (Refer to Section 1.4.2 in the textboo...
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