Reference no: EM131222785
1. In his book, Rewarding Work: How to Restore Participating and Self-Support to Free Enterprise (Harvard University Press, 197), 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. Your text, on page 629, 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.
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We deal in high volume and pass our savings
: Some companies advertise: "We deal in high volume and pass our savings on to you in the form of lower prices." Why is this?
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Analyze the model of nursing care that you observed
: Identify the model of nursing care that you observed. Be specific about what you observed, who was doing what, when, how and what led you to identify the particular model.
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Differences between GAAP and IFRS
: Discuss the major similarities and differences between U.S. GAAP and IFRS. Which of the differences do you find most interesting? If there is a convergence between U.S. GAAP and IFRS, would you choose the U.S. GAAP or IFRS method? Why?
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Explain any insights you had or conclusions you drew
: Based upon the film, create a descriptive narrative explaining how the video confirms or disconfirms your assumptions about group therapy and Explain any changes you might make to your assumptions about group therapy based on the video.
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Who was responsible for the global financial crisis of 2007
: 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 int..
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Result of improved oil extraction technologies
: Oil production in the United States has increased significantly over the past decade as a result of improved oil extraction technologies, with some analysts predicting that the United States will surpass Saudi Arabia in overall energy production b..
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Describe how using the LIFO inventory valuation method
: Describe how using the LIFO inventory valuation method would compare to using the FIFO method in a time where costs were falling. Focus your response to the impact on the IMPACT STATEMENT (COGS and Gross Profit) Prepare your answer in complete senten..
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Important elements of the entrepreneur business plan
: Assessment 1: CASE Study - ENTREPRENEUR. What were the most important elements of the entrepreneur's business plan? Which elements were critical to the venture's success
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What do you think the impact of leadership on quality
: What do you think the impact of leadership on quality is? From your own experience can you describe a situation where leadership behavior had a positive impact on quality? How about a negative impact?
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