Italy produces some of the world’s best wine. In fact, there are a number of other countries that produce exquisite wines including France, Spain, Argentina, the United States, and Australia. Could we argue that Italy has comparative advantage in the production of wine? If so, briefly discuss the different factors that might explain why Italy has comparative advantage in the production of wine.
In: Economics
Entrepreneurship and Effective Small Business Management, Student Value Edition (11th Edition)
List and explain at least five steps businesses can take to minimize losses to shoplifting.
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In: Operations Management
Explain how we measure economic growth and discuss three specific things that government could do to improve economic growth in the long run. Our current unemployment rate is 3.6% in the United States. Explain as clearly as possible what that 3.6% means (where does that number come from?) Then explain how that compares to our goal for unemployment.
In: Economics
In: Economics
When the economy is in recession, government revenue falls due to a falling tax base. Therefore the proper role of government should be to increase taxes and cut spending so as to balance the Federal budget. Do you agree? Why?
“Money not backed by gold or silver is worthless paper and is a fraud committed against the people of the United States.” Critically evaluate this statement.
In: Economics
In: Economics
Lowenthal (2012) discussed the checks and balances that Congress utilizes in intelligence oversight and its interactions with the executive branch of government. Lowenthal cites the United States Constitution at Article I, Section 8, paragraph 18 as the partial basis supporting their need for information related to intelligence endeavors. In reviewing the readings, what "levers" is Congress able to pull to facilitate their oversight functions?
In: Economics
The American Bankers Association reported that, in a sample of 125 consumer purchases in France, 62 were made with cash, compared with 21 in a sample of 40 consumer purchases in the United States.
Construct a 99 percent confidence interval for the difference in proportions. (Round your intermediate value and final answers to 4 decimal places.)
The 99 percent confidence interval is from _____ to _____ .
In: Math
The American Bankers Association reported that, in a sample of 150 consumer purchases in France, 74 were made with cash, compared with 28 in a sample of 60 consumer purchases in the United States.
Construct a 99 percent confidence interval for the difference in proportions. (Round your intermediate value and final answers to 4 decimal places.)
The 99 percent confidence interval is from to _____ . _____
In: Math
Discuss the implications of economic growth (Marginal benefits AND Marginal Costs) for the U.S. economy, society, environment, children's future, social programs, military might, global preeminence, technological growth, educational opportunities, etc. Think about what life would be like in the United States with very high, average, or very low rates of economic growth, as food for thought.
In: Economics