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In 200-250 words:
Read the article, The Ethics of Big Data. Based on the content presented in the article, describe the microeconomic principles being used, in other words what is the impact for demand? List the different types of market structures that big data benefits the least and benefits the most. While data collection may benefit the business community, discuss the potential concerns for consumers that arise with the proliferation of big data.
Article: https://www.forbes.com/sites/emc/2014/03/27/the-ethics-of-big-data/#2a42d6ce30c7
Explain why there has been an increased use of risk-based auditing approach in recent years and what advantages for the auditors from the adoption of such an approach.
What is the maximum amount that the money supply can increase when $1,000 cash is injected into a banking system with a 20-percent reserve requirement? Give two reasons why this maximum may not be reached.
Explain how does the Central Bank measure the money supply in the contary. Does the Central Bank have an interest rate policy.
The 3-Stooges partnership is planning three long-term capital investment proposals. Each investment has a useful life of 5 years. Relevant data on each project are as follows.
After being a doormat for much of their existence, the Brooklyn Dodgers became a dominant team as soon as they broke the color line in baseball. Explain why in the context of an economic model of discrimination.
Your "talking points" should be 3 to 5 paragraphs long. Your audience is a group of managers (technical and non-technical) who are participating in a conference on reducing risks associated with insider threats.
Describe the "value effect" and the "volume effect" using the following two equations: Trade Balance = Pexports x Qexports - Pimports x Qimports AND Pimports = E x P*
Give examples of competition of firms in Oligopoly and Monopolistic Competition, from the real world. In which market will one firm's probable decision affects the other firm's decision? Try to think of situations of of how they would compete in t..
Explain how governments restrict international trade and who benefits as well as who loses from the restrictions - Cisco and other major corporations close down their American operations and move to Africa?
Clipit utilize this advantage to be the first to choose its profit-maximizing output level in the market.
"The wealth effect on consumption is stronger for older households. The same is true for the marginal propensity to consume out of labour income." explain
The change in the quantity of product C demanded in any given week is inversely proportional to the change in sales of product D in the previous week. That is, if sales of D rose by X percent last week, sales of C can be expected to fall by X perc..
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