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Considering the product or service idea your CLC team identified in Module 4, answer the question: Does the product or service your team created/identified have the power to dramatically reset customer expectation? Why or why not? Will it have an impact on customers?
Select one of the following schools of economic thought: Keynesian, Chicago, and Austrian. Identify three keys points or beliefs that are held by that particular school. What are the macroeconomic policy implications of those beliefs? Explain your an..
Explain how the following events will affect the demand for money according to the portfolio theories of money? demand: The economy experiences a business cycle contraction. Brokerage fees rise?, making bond transactions more expensive. Explain how t..
Suppose that capital per hour of work grows by 3 percent and technology grows by 1 percent over a one year interval. What is the growth rate of real GDP per hour of work? Show the formula and all work. To understand what causes productivity growth, w..
Explain the design of a public policy that would subsidize the private performance of the R&D (to ensure that the research is done by the private sector) yet would minimize the public funds used.
If the Social Security retirement system was a private retirement system, it would be declared bankrupt. Discuss why this is so and why the Social Security system can continue to pay benefits despite the fact that it can be considered bankrupt. Discu..
Suppose there are two commodities, food, c, and work, L. Food is a "good" and work is a "bad".The prevailing prices of c and L are, Pc= $1/unit and w = -$10/hr. (the price of consuming another unit of L is -$10/hr) Suppose you can work no more than 2..
What is the logic behind Zara’s decision to manufacture some items in-house whereas outsourcing other items? How does this decision contribute to Zara’s capability to adapt to changing consumer demand during the season? Why are the most fashion-sensi..
It is assumed that quantity of item is intended of other items find out probability that first faulty item doesnot occur in the first six selected items.
Describe how changes in technology contributed to the globalization of markets - Explain how the Internet affects international business activity and the globalization of the world economy.
Does convergence property imply that a measure of dispersion of income per person across the economies will narrow over time? Absolute convergence held for US sates from 1880 to 2000. A measure of the dispersion of per capita income across the states..
Adam Smith discussed how nations could benefit from trade, known as absolute advantage. What was David Ricardo’s improvement on Smith’s theory? How does it differ?
Suppose you are the manager of a California winery. How would you expect the following events to affect the price you receive for a bottle of wine? Explain your answers The price of comparable French wine decreases. The unemployment rate in the Unite..
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