Reference no: EM13758949
This final exam consists of four questions. Please answer them using APA format.
Two to three pages should be sufficient for each question.
1. How to Restore Participating and Self-Support to Free Enterprise, economist Edmund Phelps offers this plan to help the working poor: apply tax credits for "qualified employers" or hire disadvantaged people for "eligible jobs." Evaluate this plan in terms of market incentives, one of the ten principles of economics, to work and current welfare programs. Is the Phelps' plan an improvement over current government policies? Discuss.
2. The availability of investment capital is critical for a market economy to grow. Explain how this investment capital is transformed into fixed capital goods, new technology, and cost reduction using new methods of production. Also, explain how interest rates impact the availability of investment capital.
3. Lists three arguments for trade restrictions. Since economists do not favor trade restrictions, and this is a course in Managerial Economics, make the case as an economist against trade restrictions for these three items. Are there any arguments for trade restrictions that most economists would support? Discuss.
4. Who was responsible for the global financial crisis of 2007-2009? Free-Market capitalism, government intervention, or a combination of both? Identify the causes of the crisis, the steps the private and public sector took to resolve it, and what leaders should do to keep it from happening again. Remember, banks are profit making firms who supply capital to suppliers of goods and services.
|
Juanita wants to open a small retail store
: 6. Juanita wants to open a small retail store that specializes in high-quality, high-priced children's clothing. What types of competitors should she be concerned about in this competitive retail environment? Why? Should she open an independent stor..
|
|
Three major levels of marketing coverage
: 3. Marketers can select from three major levels of marketing coverage when determining the number and kinds of outlets in which to sell a product: intensive, selective, or exclusive distribution. Explain the differences among these three methods of d..
|
|
Lessening role in the decision making process
: What is BYOD and do you think that BYOD is one of the reasons why telecom/IT departments have a lessening role in the decision making process
|
|
Schizophrenia, and bipolar disorder
: Describe how corrections officers responding to an incident in the cell block might identify a potentially mentally ill inmate from one that is just acting out.
|
|
Evaluate plan in terms of market incentives
: Evaluate plan in terms of market incentives, one of the ten principles of economics, to work and current welfare programs. Is the Phelps' plan an improvement over current government policies? Discuss.
|
|
Hosted conference solution
: Just as there are many ways to use a teleconference, teleconferences can be implemented in a couple of ways. What is the difference between a hosted conference solution and one that is deployed through CPE
|
|
Three types of responsibility centers
: Compare and contrast the three types of responsibility centers. What is the best way to evaluate a manager's performance in each type of center?
|
|
What is the difference between a full-service merchant
: What is the difference between a full-service merchant wholesaler and a limited-service merchant wholesaler?
|
|
Supply-chain management involves long-term
: Supply-chain management involves long-term partnerships among channel members that are working together to reduce inefficiencies, costs, and redundancies and develop innovative approaches to satisfy customers. Select one of the following companies an..
|