Questions
Suppose that a pandemic disrupted normal economic activity in all countries. Thanks to negotiations oil exporting...

Suppose that a pandemic disrupted normal economic activity in all countries. Thanks to
negotiations oil exporting countries have managed to keep the supply of oil at its pre-pandemic level, however
pandemic led to a change in oil prices. Suppose further that a successful vaccine has been found rapidly within a
year, which in turn helped everything except the oil prices return to almost normal. That is to say that the impact
of pandemic on oil prices has lasted longer than expected.

a)) Use the IS-LM-FE framework under the classical assumption to analyze the general-equilibrium effects of
this shock on macroeconomic variables such as output, real interest rate, real wage, employment and price
level.

b)) Suppose that the classical assumption on the adjustment of prices and wages fails. Then, as a response to
pandemic, what kind of Open Market Operation needs to be conducted by the Central Banks to restore the
general equilibrium. Use the AD-AS framework to analyze the general-equilibrium effects of necessary
monetary policy on macroeconomic variables such as output, real price level.

In: Economics

to get a feel for the importance of media literacy on the part of business communicators,...

to get a feel for the importance of media literacy on the part of business communicators, make a list of all the information technology (devices, media platforms, and applications) that you've used over the last two years.what kind of knowledge is required to be able to use each of the used Technologies well?

In: Economics

Ernestina has been operating a small retail store called “Look and Pick” selling shoes since 2010....

Ernestina has been operating a small retail store called “Look and Pick” selling shoes since 2010. In 2015 she sought to expand her operations due to a rise in demand for the shoes. She approached Abigail and Williams, who are her friends and bankers to invest in the business. After some weeks of due diligence, they invested in the business with an expectation of increased returns on their investment.
Although, there exist internal controls in the business, it is deficient. In order to ensure transparency and accountability, Abigail insisted that internal auditor(s) be engaged. Ernestina, expressed concern that, auditors in general will not add any value to the business but only a drain on the coffers of the business. Upon the insistence of Abigail and Williams, internal auditors namely; Felicia, Partey, Adams and Bernice were engaged. Also, Vashti and Associates were engaged as external auditors.
During the first meeting with the external auditors, Ernestina reiterated that, they were going to pay so much for their services hence, they expected nothing but absolute assurance, a position the auditors disagree with.
Felicia, one of the internal auditors, on realizing deficiency in the internal controls suggested to her colleagues that, they develop comprehensive and robust internal controls for management. The other internal auditors requested for some time to think about the issue in order to make a decision.
Required
1. Identify and explain 5 key issues arising from the case.

2. Is Ernestina right in demanding absolute assurance from the auditors? Justify your answer with 5 reasons thoroughly explained.

3. Discuss, using 5 thematic areas, the distinction between internal and external audit.

4. What is your view regarding developing internal controls for management as suggested by Eunice?

In: Economics

to get a feel for the importance of media literacy on the part of business communicators,...

to get a feel for the importance of media literacy on the part of business communicators, make a list of all the information technology (devices, media platforms, and applications) that you've used over the last two years.what kind of knowledge is required to be able to use each of the used Technologies well?

In: Economics

Suppose that a pandemic disrupted normal economic activity in all countries. Thanks to negotiations oil exporting...

Suppose that a pandemic disrupted normal economic activity in all countries. Thanks to negotiations oil exporting countries have managed to keep the supply of oil at its pre-pandemic level, however pandemic led to a change in oil prices. Suppose further that a successful vaccine has been found rapidly within a year, which in turn helped everything except the oil prices return to almost normal. That is to say that the impact of pandemic on oil prices has lasted longer than expected.

Use the IS-LM-FE framework under the classical assumption to analyze the general-equilibrium effects of this shock on macroeconomic variables such as output, real interest rate, real wage, employment and price level. (Hint: Assume that the leftward shift in labor supply is smaller than the rightward shift in labor demand)

Suppose that the classical assumption on the adjustment of prices and wages fails. Then, as a response to pandemic, what kind of Open Market Operation needs to be conducted by the Central Banks to restore the general equilibrium. Use the AD-AS framework to analyze the general-equilibrium effects of necessary monetary policy on macroeconomic variables such as output, real price level.

In: Economics

Question 7 Which of the following is not a proper description of East Asian economies? a....

Question 7 Which of the following is not a proper description of East Asian economies?

a. A fast recovery from the 1997 financial crisis.

b. Focusing on the WTO membership and no FTAs among the nations.

c. A successful and strong join to the global supply chain management in manufacturing.

d. People in the region have begun to aware the importance of the environmental protection.

In: Economics

Question 4 Suppose the POSCO company, Korean multinational company producing steel, decided to conduct mergers and...

Question 4 Suppose the POSCO company, Korean multinational company producing steel, decided to conduct mergers and acquisitions (M&As) of an Australian company producing iron ores by holding ordinary shares more than 50%. This is an example of __

a. Foreign direct investment and forward integration based on the product life cycle model.

b. Foreign direct investment and backward integration based on the product life cycle model.

c. Foreign direct investment and backward integration based on the internalisation theory.

d. Foreign direct investment and forward integration based on the internalisation theory.

In: Economics

Question 8 Which of the following statement is true? a. A higher inflation in Thailand than...

Question 8 Which of the following statement is true?

a. A higher inflation in Thailand than that in Japan is a pressure to appreciate the Baht against Yen.

b. The long-lasted low interest rate has motivated the decrease in Yen-carry foreign investments.

c. An increase in interest rate in Indonesia does not always increase multinational companies’ investment to the country.

d. Multinational companies are hesitant to invest in emerging markets because they expect appreciation of the emerging markets’ currencies.

In: Economics

1.1. What are the main characteristics of the HVAC market in the United States of America?...

1.1. What are the main characteristics of the HVAC market in the United States of America?

1.2. What share HVAC drives and Rotor Heat Exchangers have in the market?

1.3. Why the HVAC market is complex?

In: Economics

assume the excahange rate is allowed tonflucture freely, using the IS LM UIP model ecplaim wgat...

assume the excahange rate is allowed tonflucture freely, using the IS LM UIP model ecplaim wgat effect a decrease ün expected future rate will have on the donestic economy

In: Economics

Give a discussion about the demand and supply conditions for your product or service.( Ray White-...

Give a discussion about the demand and supply conditions for your product or service.( Ray White- Property, Rental,Hiring and Real State Services)

In: Economics

Suppose the current inflation rate is higher that the target inflation rate. Would the Central bank...

Suppose the current inflation rate is higher that the target inflation rate. Would the Central bank increase or decrease the interest rate? In your answer, explain how the Central bank makes this decision and explain the steps involved in changing the interest rate.

In: Economics

What are the changes in the economic and social life after the covid 19 outbreak?

What are the changes in the economic and social life after the covid 19 outbreak?

In: Economics

The results below are the estimated FGT poverty measure for a community in 2019; Head Count...

The results below are the estimated FGT poverty measure for a community in 2019; Head Count Index (HCI) = 78 Aggregate Poverty Gap = 26.47 Poverty Gap Index = 0.43 Aggregate Squared Poverty Gap = 13.66 Squared Poverty Gap Index = 0.22 Assume that the total population of the community is 200 and the poverty line of the community is GH¢400, interpret; the Head Count Index the Poverty Gap Index the Squared Poverty Gap Index c) Discuss two (2) main defects of this FGT measure of poverty

In: Economics

What is the differemce between deflation and disinflation? Please provide an example for both.

What is the differemce between deflation and disinflation? Please provide an example for both.

In: Economics