The Designation of Specific Seafarers in the Indian Maritime Trade

question 29

Multiple Choice

The designation of specific seafarers in the Indian maritime trade zone as Persian, Arab, Indian and Malay often

• A) concealed mixed race heritage.
• B) meant limited linguistic capabilities.
• C) meant stereotypical and restricted cultural interaction.
• D) none of the above.

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Definitions:

Government Failure

Occurs when government intervention in the economy causes inefficiencies or leads to an allocation of resources that does not maximize societal welfare.

Market Failure

A situation in which the allocation of goods and services by a free market is not efficient, often leading to a net social welfare loss.

Externality

A consequence of an economic activity experienced by unrelated third parties; can be either positive or negative.

Resource Dependency

A theory in organizational studies that describes how external resources dictate the behaviors and strategies of organizations.