Questions
What effect does quantitative easing have on the interest rate?

What effect does quantitative easing have on the interest rate?

In: Economics

systematically describe the empirical evidence for/against employing unitary household models to understand households in developing countries

systematically describe the empirical evidence for/against employing unitary household models to understand households in developing countries

In: Economics

when governmental entities provide defined benefit pension plans to governmental employees, a pension trust fund is...

when governmental entities provide defined benefit pension plans to governmental employees, a pension trust fund is used by the governmental entity that is acting as a trustee on behalf of current and future retirees to manage the funds at the "plan" level. The pension trust fund reports liabilities on its Statement of Fiduciary Net Position that primarily are related to pension benefits currently due to retired employees. The statement does not report a long-term liability for an unfunded portion, if any, of pension obligations. Do you think this is misleading? What, if anything, should be done differently at the "plan" level to provide readers with greater transparency regarding long-term funding of pension obligations?

In: Economics

Use a story from the newspaper to analyse a contemporary negotiation, labelling the positions, interests, and...

Use a story from the newspaper to analyse a contemporary negotiation, labelling the positions, interests, and the BATNAs, applying negotiation concepts.

In: Economics

Among the political risks, property seizure is a common risk for a business operating in a...

Among the political risks, property seizure is a common risk for a business operating in a totalitarian nation.

Explain property seizure with examples?(100words)

Analyze the reasons why property seizure is common in totalitarian nation.(300 WORDS)

In: Economics

True Or False (1) If there is excess DEMAND, the price will rise in a free...

True Or False

(1) If there is excess DEMAND, the price will rise in a free market.

(2) A change in INCOME will SHIFT the consumer's demand curve.

(3) If price is BELOW the equilibrium price there will be excess SUPPLY.

(4) The SUBSTITUTION effect is caused by a change in price.

(5) If there are NOT many substitutes demand will be inelastic.

In: Economics

What do you think are the benefits and costs of the vision that Robert Reich offered:...

What do you think are the benefits and costs of the vision that Robert Reich offered: let's save capitalism.

In: Economics

If a graph of two variables shows a downward-sloping relationship, that relationship is considered to be...

  1. If a graph of two variables shows a downward-sloping relationship, that relationship is considered to be

  1. Positive.
  2. Inverse.
  3. Normative.
  4. Independent.
  5. Variabl
  1. Economic analysis is:

  1. A framework for understanding issues with arise because societies need to make allocation decisions.
  2. Widely understood by all in our society.
  3. Important for problem solving in underdeveloped and socialist societies but of little use in western capitalist systems.
  4. A natural science concerned with the biological growth and changed of social systems.
  5. A set of mathematical rules to ensure a society’s happiness and prosperity.

  1. Over time the American economy has had:

  1. Full employment without serious inflation.
  2. Steadily increasing unemployment
  3. Persistent deflation.
  4. Fluctuations in growth and unemployment.
  5. Continuous growth in output per person
  1. The basic idea of Adam Smith’s “invisible hand” is that:

  1. Dire poverty and income inequalities are inevitably a part of a free market.
  2. There is a force inherent in government with seeks to achieve social usefulness.
  3. Population increase is an important determinant of a country’s development.
  4. The pursuit of private interests by individuals and firms can lead to socially desirable ends.
  5. A free, competitive economy cannot allocate resources efficiently without government planning.
  1. The purpose of an economic model is to:

  1. Set the prices in a price system.
  2. Make predictions about the real world.
  3. Manage the economy like an automatic pilot.
  4. Demonstrate which values and beliefs are best for the economy.
  5. Be a complex, exact replica of reality

In: Economics

Case Study 3.2: A Large Retail Bank: Reducing the Complexity of Changing an Address (Gold-Bernstein, Beth,...

Case Study 3.2: A Large Retail Bank: Reducing the Complexity of Changing an Address
(Gold-Bernstein, Beth, and William Ruh. Enterprise integration: the essential guide to integration solutions. Addison Wesley Longman Publishing Co., Inc., 2004. Page 42)

Situation
Throughout the 1990s, the strategy of the leading retail banks was to grow through acquisition. Many regional banks disappeared during this time, swallowed up into larger institutions. During this process, many of these banks ended up with a diversity of information systems. It is not uncommon even today to find 30, 40, or even 50 systems that contain customer information. Checking, savings, personal loans, auto loans, mortgages, credit cards, and every other product provided by the bank would have a separate information system. During acquisitions there would be several systems supporting each product. As a result, getting a single view of a customer was not possible. Furthermore, just changing an address could be a long and dreary process to any bank who maintained several business relationships with a client. Checking and savings information might be changed, but mortgages would require a different process for changing address. This is a perplexing experience to banking customers. Why should something as simple as a change of address require a complex set of actions on their part to get it right? Customer service representatives for the bank could only forward the customer to the next department for service. In one case, a large bank in the southeast had over 30 systems where customers' address information might be contained. When a client had more than two products he or she would be forced to deal with different parts of the bank to get his or her address correct. Inside of the IT organization, each system would have thousands of lines of code (LOC) to manage and update a change of address. This would include the user interface for input, the verification and validation of the information, and the actual update to the database. The update was the smallest portion of the code and usually less than a hundred lines. In this organization there were over 150,000 lines of code associated with changing an address across well over 30 systems—none of it integrated and all of it maintained. Not only were customers not happy, but the cost of the code involved was high. This situation exists in many forms in most large organizations.
Solution
Through a strategy of improving customer service including change of address, a single service was developed to manage the update to all systems with less than 15,000 LOC, and it provided improved customer support.
Impact
The business integration strategy led to higher customer satisfaction, reduced complexity and cost of maintenance, and made future integration easier. An application such as this can be a big win for any organization and it demonstrates the value of the business integration strategy.
Task
Read the above case and answer the following:
1. Identify key problems and describe their impact on business productivity and customer satisfaction.
2. Explain Integration and identify how it would help this situation.
3. The solution indicates that “a single service was developed”. What type of integration would this be?

In: Economics

If collected when products are sold, how much would the fee need to be to pay...

If collected when products are sold, how much would the fee need to be to pay for end-of-life recycling, if your state can invest this fee at an interest rate of 3.5%? If collected at end-of-life, the fee would be the direct cost to recycle.
Assume that consumers keep devices on the following schedule:
Cell phones, tablets, small laptops (screen size: 4”-15”): 2 years, costs $3.50 on average to recycle
Large laptops, desktop monitors, small TVs (screen size: 15”-35”): 3 years, costs $5.00 on average to recycle
TVs (screen size: > 35”): 4 years, costs $8.00 on average to recycle

In: Economics

Government, including federal, state and local spent over $6.5 trillion in 2015. Choose any government program...

Government, including federal, state and local spent over $6.5 trillion in 2015. Choose any government program and amount spent; and state your opinion on the value of the program (dollars spent). You can choose any one from large (Medicare) to small (National Endowment for the Arts).

In: Economics

I am wondering how stereotypes might affect interpersonal communication between people of different faiths.

I am wondering how stereotypes might affect interpersonal communication between people of different faiths.

In: Economics

A government began 20XX with a budget surplus and a trade deficit. The government changed its...

A government began 20XX with a budget surplus and a trade deficit. The government changed its policy and is now running a budget deficit. If all other factors remain constant, this change in policy will lead to:
Group of answer choices

A. a decrease in the trade deficit without any affect on the exchange rate.

B. a decrease in both the exchange rate and the trade deficit.

C. increased government borrowing and an increase in the trade deficit.

D. an increase in government borrowing and a decrease in the trade deficit.

In: Economics

One of the lessons of economics is that "there is no such thing as a free...

One of the lessons of economics is that "there is no such thing as a free lunch." This means that businesses, consumers, and whole societies face tradeoffs whenever they make a decision. Please draw on your own experiences to discuss the following 3 items. Make sure you use economic concepts in your main contribution.

  1. Explain a decision that you have made at work, or one concerning your career, or any major life decision that you have made.
  2. Identify and explain the trade-offs that you faced.
  3. List the alternatives you had, identify the highest valued alternative, and explain your final decision to the class.

In: Economics

how platos meno relate to theory

how platos meno relate to theory

In: Economics