Find a concept on your own from Adam Smith that is not on the web page of this course. You need to identify the page and source of where you found this concept. What prompted Adam Smith to develop this idea. How would you use this concept to explain an observation in your life, an historical event, a cultural norm or institution, a local/international problem, create a solution to an environmental issues, or to create a business opportunity.
In: Economics
Discuss inflation and deflation and how various governments (Federal Reserve/Central Banks) use interest rates (both positive rates and negative rates - give examples of negative rates) to control the economy. Discuss the recent rate cuts by the Fed - do you think that rates should be cut again and why
. Please provide examples and at least two sources with two quotations from your research. (Sources must be after Jan 1, 2020 - must be articles, not a textbook type source). Web Address: If you do not scan or link or attach or give a full citation, I will not be able to grade your submission.
In: Economics
Discuss the market reaction based on the elimination of all import quotas and tariffs.
In: Economics
Which economic policy tools has the Italian government used in 2020 to lower the impact of the pandemic on Italian economy? What policy tools ECB has used to support the Euro-zone? Explain how these tools are expected to help the Italian economy. Would you have used these tools? Explain why or why not?
In: Economics
Which of the 4 functions of management is most vulnerable to being replaced by technology
In: Economics
1) Which of the following would increase GDP?
a. More people walk to work rather than drive cars.
b. Consumers in rural areas switch from buying home heating oil to burning wood they collect on their own land.
c. Farm families grow more for themselves than for the market.
d. Neither the price nor the quantity of television sets changes, but the quality of sets improves.
e. The amount spent on vacuum cleaners does not change, but quality decreases so much that more is spent on their repair.
2) An increase in the demand for peanut butter could be caused by a(n)
a. decrease in consumer income |
||
b. |
increase in the supply of peanut butter |
|
c. |
decrease in the price of bread |
|
d. |
drought in Georgia that destroyed 30 percent of the peanut crop |
|
e |
decrease in the price of bologna |
3) A surplus of shoes will cause
a. decrease in the supply of shoes |
||
b. |
a decrease in the demand for shoes |
|
c. |
both a decrease in the supply of shoes and an increase in the demand for shoes |
|
d. |
a decrease in the price of shoes, through a shift of either the supply curve or the demand curve |
|
e. |
a decrease in the price of shoes |
4) One explanation for the negative slope of the aggregate demand curve is that
a. as prices rise, nominal income falls and so does the demand for real goods and services
b .falling prices make people feel poorer and reduce spending
c. as prices rise, government spends less to drive the price level back down
d. businesses increase spending when inflation is high and rising
e. as prices rise, domestic goods become more expensive relative to foreign goods, which reduces exports
In: Economics
Choose 1 policy to control greenhouse gases at the local level, 1 policy at the state level, and 1 policy at the federal level that would complement one another to achieve greater greenhouse gas reductions than if any of the policies were enacted alone. Briefly describe each policy, type of policy tool, and fully justify why each government has the legal authority to enact this policy.
In: Economics
Someone please give me an idea for this project: Find an article or news release that discusses the value a company has received from using one of the quantitative methods discussed in class. Summarize the source you found, explaining why this use created value for the company in question. Make sure you identify the quantitative method being used and how it is calculated.
In: Economics
Assume a firm has 2 inputs in its production function, labor and capital, and can adjust the amount of either one of these inputs in order to increase output. Assume the marginal product of a unit of capital is always twice as high as the marginal product of a unit of labor (this is true regardless of how much labor and how much capital the firm employs). If the firm wanted to expand output, would they ever do so by increasing the amount of labor employed? Why or why not?
In: Economics
Apply internal quality concept on a restaurant of your choice
In: Economics
Isoquant Analysis. A firm with production function q = K1/4L1/4 operates with variable labour and variable capital. The firm sells output at a competitive price p = 80 and hires labour at w = 2 and capital at r = 0.5. This firm
Now the price rises to p = 120. This firm
In: Economics
The subject of International Business Environment
Compare the action of a company using a multinational strategy versus a company using a global strategy when entering new markets. Illustrate your comparison with current examples (from within the last three months).
In: Economics
The subject of Organizational Behaviour and Management
Post a short profile of the subject of your leadership assignment and explain his/her leadership style. Be prepared to defend your analysis by referencing leadership theories from the text and your external research.
In: Economics
The subject of Organizational Behaviour and Management
What elements of organizational culture are important for you? Do you think organizational cultures can span generations? Do you think it is possible to change an organizational culture? Why or why not?
In: Economics
i)Explain why monetarists would argue that control of
inflation is the most effective
method of achieving growth in the economy.
ii)Mention four reasons why a government may have difficulty in
implementing
discretionary stabilisation successfully.
In: Economics