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What are the advantages and disadvantages of the globalization and standardization of culture? Provide at least one specific example of the advantage and at least one specific example of the disadvantage of the globalization of culture. Would you prefer to live in a community in which everyone were the same (no difference in language, religion, sexuality, and so forth) or one in which such differences exist? Why?
In 2010, the money supply, M1, was $1,832 billion.Nominal GDP was $14,660 billion. What was the velocity of money measured using M1?
Elucidate the macroeconomic and microeconomic concepts and how they relate to the management of a global organization.
Suppose a firm is attempting to maximize profits. If the firm increases production from 10 units to 11 units, and the market price is $20 per unit, total revenue for 11 units is: A. $20. B. $200. C. $220.
Elucidate this point of language so that it is understandable to someone untrained in economics.
The Subway fare in your town has just been increased from a current level of .50 cents to a 1.00 per ride. As a result, the transit authority notes a decline in ridership of 30%. a. Compute the price elasticity of demand for subway rides.
Which of the following measures of the money supply is currency included in - If the growth rate of the money supply is 8%, the growth rate of the velocity of money is 4% and inflation is 6%, what is the Solow growth rate?
Say Tom buys a new house for $300,000 and takes a mortgage loan equal to the full amount at 7 percent interest rate. We will assume that the home's value will increase at the rate of inflation. If the expected rate of inflation is 4% the home is expe..
What are non-profitable organizations that work to improve the image, working conditions and skill levels of people in particular different occupations?
Suppose that the International Monetary Fund (IMF) is concerned about currency depreciation in a small open economy. a. What type of fiscal policy should the IMF propose to the government of the small open economy to generate a currency appreciatio..
Elucidate what determines the rate of inflation when the economy is at long-run equilibrium.
Spend 2 or 3 hours observing the organization in which you are employed. During the observation, identify internal and external interactions of the organization. You can talk to stakeholders who might have information relating to external interact..
If you were offered an outrageous compensation package to join a company that is laying off employees, declaring bankruptcy, and/or performing poorly overall, would you accept the position?
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