WHAT ARE 3 ECONOMIC INDICATORS OF A COUNTRY? EXPLAIN EACH IN DETAIL.

how would you define Fascism, and what were some of the key reasons that so many people living in Europe (particularly in Italy and Germany) in the 1930's and 40's chose to embrace it?

1. You should create your total product or service concept early on.

Select one:

True

False

2. There is no single, perfect method of establishing a promotional budget because it is both an art and science.

Select one:

True

False

3. The essence of selling is teaching.

Select one:

True

False

4. Asking the right questions is optional during a sales call or presentation.

Select one:

True

False

5. A successful business is built upon repeat customers.

Select one:

True

False

6. It is wise to keep a reserve equal to one-fourth of the start-up investment.

Select one:

True

False

7. Inflation is not a problem for most businesses because you can simply raise your prices to compensate.

Select one:

True

False

8. Keeping good records will show how to make a business more profitable, will document business profitability/cash position, and prove that payments have been made.

Select one:

True

False

9. The power of the income statement is that it will tell you whether you are fulfilling the formula of buying low, selling high, and meeting customer needs.

Select one:

True

False

10. Debt ratios show the relationship between debts and equity.

Select one:

True

False

11. Operating-efficiency ratios are important to a business. They include collection- period, debt period, and inventory turnover.

Select one:

True

False

12. Cash flow is the lifeblood of a business.

Select one:

True

False

13. The cash flow statement is: cash flow = cash on hand + credit and cash sales – cash disbursements.

Select one:

True

False

14. Both cash inflows and outflows can be managed to control overall cash flow.

Select one:

True

False

15. Factoring is the selling of a business’ accounts receivables at a discount to a finance company called a factor in exchange for immediate cash.

Select one:

True

false

Suppose the chief engineer asks you to do a replacement analysis on an existing piece of equipment. (The defender) Because technology changes so rapidly, she does not want you to evaluate the equipment beyond 4 years since the equipment will be obsolete. The company uses a MARR of 8 percent.

The existing equipment was purchased 5-years ago for $175,000 but can be sold today (t = 0) for $30,000. The future salvage values of the equipment are expected to decrease by 20% per year. For the first year, (t=1) the firm will have to spend money on upgrading the equipment ($32,000) in addition to its operating costs ($8,000) The upgrading cost, the annual operating costs and salvage values are shown in the table below.

*$32,000 + $8,000 = $40,000

1. Calculate the economic service life of the equipment.
2. Suppose the firm keeps the defender for 3 years. Calculate the cost of keeping the equipment for one more year. (From year 3 to year 4)

Provide detailed and comprehensive information to support your answer. Where applicable, use examples to support your answers.

1. Why have so many successful entrepreneurs started out in sales?

2. Define debt and equity and explain the difference between them. Where does each appear on financial statements? 3. What is the purpose of financial ratio analysis?

4. How could the income statement potentially confuse a business owner?

5. Why would collecting all money owed within 30 days and paying bills in 90 days help protect a business? Is there a potential downside to this behavior? What is it and why?

1. Recall that in chapter 25 we learned about the aggregate production function, in which the factors of production were labour L, capital K, and technology T. Answer the following questions according to the Neoclassical growth model.
   1. Imagine that the amount of capital K increases by 10% (from 50 to 55 units) while labour and technology stay the same. How much does total GDP and GDP per worker change by? (A specific percentage is not needed, just ‘more than’ / ‘less than’ 10%.)

.

2. Imagine that capital increases by 5 units again, from 55 to 60. How big is the resulting change in GDP and GDP per worker compared to the change that occurred in part a?

3. What is the term (hint: law) used to describe the relationship between K and GDP in parts a and b?

4. Based on your answers to parts a through c, is it possible to have sustained economic growth due to capital increases alone?

5. Now imagine that the amount of labour L and capital K both increase by 10%. By how much do total GDP and GDP per worker change by?

6. What is the term used to describe this relationship?

7. What is required to have sustained increases in per-worker GDP (which, in turn, results in improving living standards)?

Discuss fully Stalin’s efforts to stimulate Soviet industrial and agricultural production through his five year plans and policy of collectivization. Be sure to explain the goal, implementation, and overall impact of each policy.

*******Information to know prior to the questions: The product being offered in fresh produce sold in a rural area in the midwest. I'm unsure how to answer these questions relating to the topic so any help would be much appreciated. Thank you!!*******

Part I: The own-price elasticity of demand.

Questions:

1. What can you tell about the own-price elasticity of demand for the product being offered? Why?

2. How does price elasticity of demand help in business decision making (pricing decision)?

3. List some strategies to reduce the own-price elasticity of demand.

Part II: Supply

Questions:

1. Get to know the competition. Since we can observe only one determinant of supply - the number of sellers- evaluate how large the supply is, in other words, evaluate the degree of competition among sellers in the market being served. Who are the competitors? Do not forget about online competitors.

2. How does market demand and supply affect market prices?

Assume the pandemic dies down before the summer, at which time the lockdown closes. Analyze possibilities for a fast financial recuperation across three situations (1) no unemployment insurance of any sort, (2) unemployment insurance benefits at the pre-pandemic levels, and (3) unemployment protection benefits under the CARES Act.

please give a descriptive solution, using junior year economic vocabulary. Thank you.

Opinions are divided when it comes to the evaluation of minimum wage laws. The issue of raising the minimum wage is always subject to political debates. Which side are you on when it comes to minimum wages? Should there be one or should we repeal it all together? List your arguments clearly.

1. In the early eighties, under the Reagan administration, macroeconomic policies in the United States were characterized by relatively expansionary fiscal policy (fueled by increased defense spending and tax cuts) and very tight monetary policy. Compared to an alternative policy mix which produced the same level of Y using more expansionary monetary policy and more contractionary fiscal policy. Contrast the two different policy mixes graphically and in words. Explain what effects you would expect such policy mixes to have on each of the following:
   1. Interest rates in the United States.
   2. The real exchange rate of the U.S. dollar.
   3. The current account of the U.S. balance of payments.

2. Consider a firm with the following production function: Q = K ^1/3 L ^2/3

(a) Consider an output level of Q = 100. Find the expression of the isoquant for this output level.

(b) Find the marginal product of labor, MPL. Is it increasing, decreasing, or constant in the units of labor, L, that the firm uses?

(c) Find the marginal product of capital, MPK. Is it increasing, decreasing, or constant in the units of capital, K, that the firm uses?

(d) Use your result in parts (b)-(c) to find the marginal rate of technical substitution, MRTS, for this firm.

(e) Is the MRTS increasing or decreasing in the units of labor, L? What does that imply about the shape of the isoquant?

(f) Given your result in part (d), what can you say about the firm’s ability to substitute one input for another? (g) Assume now that the firm were to increase all inputs by a common factor > 0. What happens to the output that the firm produces? [Hint: check whether the firm’s production function exhibits increasing, decreasing, or constant returns to scale.]

1. The condition of the labor market is a central focus of policy makers and households. Let’s consider the overall condition of the American market. Go the website of the Bureau of Labor Statistics, and look at the current summary of the employment situation of the United States (http://www.bls.gov/news.release/pdf/empsit.pdf ).
   1. Tables A and B summarizes the major labor data for the economy. Look over the data and highlight in a paragraph or two what is important over the past three months about labor conditions from both the household and the establishment surveys.