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...
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