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According to the text privatization is "arranging for private companies to on certain jobs and functions formerly done by government." (Burger, 15) Many of these private companies save money by hiring non union workers. These private companies do this because they can pay these employees a lower salary and offer little to no benefits, such as health insurance, than union workers. I don't believe that hiring non union workers to save money and cut costs is always happening with these private companies. I also don't believe that it is a bad thing to do these strategies depending on the situation. Jobs in which the worker is not necessarily in danger or could be put into a potentially dangerous situation, I don't see the problem with privatization. I don't see why hospital housekeepers and hospital food service workers need to be run by the government. On the other hand I do see issues with a private company running halfway houses, recovery homes and prisons. I think these workers need to be fully trained and that's not a guarantee with privatization. In these situations I would rather have a fully trained employee with a higher salary than cut costs and hire someone who isn't fully aware of the situation. From my point of view the text book has a more conservative point of view regarding privatization. The text book doesn't really focus on the positive effects of privatization.
In multiple regression analysis, explain why the typical hypothesis that analysts want to test is whether a particular regression coefficient ( B) is equal to zero ( H0: B 0) versus whether that coefficient is not equal to zero ( H1: B 0).
During the financial crisis of 2007-2008, the governor of the Bank of Canada expressed concern that the commercial banks were "hoarding" cash rather than extending a more appropriate volume of loans. Why might the banks do this, and what is the impli..
Management charges higher nightly rates in the winter, when its average occupancy rate is 75 percent, than in summer, when its occupancy rate is 85 percent. Can this policy be consistent with profit maximization? Explain.
An aircraft company has signed a contract to sell a plane for $20 million. The firm buying the plane will pay for it in five annual payments (at year end) of $4 million. If the firm's cost of capital is six percent, what is the net present value of t..
Behavioral economics focuses on
Explain how debt reduction in developing countries can improve the economies of advanced countries.
In 1998, Coca-Cola held a contest inviting high-school students to devise promotional ideas for the company. A prize of $500 would go to the school with the best PR strategy. What would happen if Mike sued for violation of his First Amendment rights?
Why is economics considered a social science? What role does economics play in your personal and professional lives?
Net Worth on a bank's balance sheet is
Can you make a decision of what part of the business cycle the U.S. economy is currently in? Why? What factors lead you to this conclusion? You may want to do additional research of sources to reach a conclusion.
q.the long-run cost function for leanns telecommunication firm is cq 0.03q2. a local telecommunication tax of 0.01 has
What do you think of Coca-Cola's environmental initiatives? Are they just window dressing , or does the company seem to be sincere in its efforts?
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