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Suppose you own a small convenience market, about the size of a 7-11 or a Circle K, or any other comparable franchise outlet that you might be more familiar with given your location in the country. The child of a customer, left in a running vehicle, manages to shift the car into forward and it plows through the front of your store, sending debris and stock flying, and causing an indeterminate amount of damage to your facility. The homework assignment for this unit is to prepare a disaster assessment and recovery plan for resuming business.You will want to include such information as:• damage assessment; to the building, to people, to stock, to utilities• Identify critical actions; for example, does anyone need emergency medical care? What do you do about perishables like frozen foods (if you have lost power)?• repairs and recovery; including time frames and levels of business as a percentage of normal operationsWhat might you change about the way you manage this business to reduce the impact of such an event in the future?Be as complete and thorough in your analysis of the situation as you can.
How does an economy achieve macroeconomic equilibrium? What affect does a high level of inflation have on macroeconomic equilibrium?
The affordable care act madates that everyone buy health insurance or face a penalty. This policy is likely to mitigate the adverse selection problem in health insurance markets, but its likely to add to the moral hazard problem of insurance marke..
Discuss the reason why governments might want to intervene and how they might do- with respect to the following "problem" in the functioning of an otherwise perfectly-competitive ("pareto-efficient") economy:
What is the prediction for the change in weight of someone who grows 1.5 inches? What is the predicted difference in weight between 2 people who differ by 6 inches in height? (c). Suppose that the sample average of H is 56 inches. What is the sampl..
Suppose you introduced a new consumer food product and invested heavily in (1) national advertising (pull strategy) and (2) motivating your field sales force to sell the product to food stores (push strategy). What kinds of feedback would you rec..
Explain the difference among comparative advantage and absolute advantage. Explain how economies benefit with specialization and trade.
One of major political developments of last many decades is the increasing size and economic or monetary integration of the European Union. Determine what effect do you think this will have on international trade between nations?
What is the expenditure multiplier-explain this briefly? What does it multiply? When an economy is in equilibrium what the size of unplanned inventories is?
What are the issues surrounding the sovereignty of states and their governments' ability to regulate their economies? In what ways is economic globalization responsible? In what ways is it not responsible?
a regular price or a sale price. Suppose that when one firm announces the sale price and the other announces the regular price for a particular product, the firm announcing the sale price attracts 50 million extra customers to earn a profit of $5 ..
In what ways can the GFC be seen as being part of the business cycle and what are the possible longer term effects of the GFC?
The federal funds rate is currently 3 percent. The equilibrium real federal funds rate is 3 percent, and the weights on the output gap and inflation gap are 0.5 each. The inflation target is 1 percent. Is the federal funds rate currently too high o..
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