The Baumol-Tobin model has emerged as an enhancement of the liquidity preference theory proposed by John Maynard Keynes.
Some of the improvements of the Baumol-Tobin theory with regard to the liquidity preference theory are highlighted below:
1. The Liquidity Preference Theory claims that people hold money for transaction purposes, but it does not give a framework to explain how individuals determine the quantity of cash to carry for such transactions. On the other hand, the Baumol-Tobin model proposes that individuals take into account the cost of carrying money when deciding how much cash to hold for transaction purposes.
2. The liquidity preference theory views money as an asset, but it does not account for the cost of holding such an asset. In contrast, the Baumol-Tobin model takes into account the opportunity cost of holding money, that is, the interest that could have been earned by investing the money elsewhere.
Therefore, the Baumol-Tobin model is an improvement on the liquidity preference theory as it provides a theoretical framework for determining the optimal amount of cash to hold for transaction purposes while also taking into account the costs and benefits of holding money.
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Which of the following are used to achieve operational excellence? (Select all that apply.)
Supply chain management
Loyalty programs
Branding and positioning
Operations
Good options are Supply Chain Management and Operational Excellence.
are used to achieve operational excellence from the given options.
To have a product with high perceived value and effective branding and positioning. Operational excellence is a management strategy that involves maximizing the efficiency of processes within an organization. It is more reliable and performs better than its competitors. “Operational Excellence consists of four main categories. This includes strategy development, performance management, high-performing work teams and process excellence,” said Peter, CEO of training company Global Six Sigma and president of the International Society of Six Sigma Professionals. says Peterka.
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Which of the following is true of the experiential decision-making perspective?
a.
It assumes that consumers follow a "think-feel-do" hierarchy in making decisions.
b.
It assumes that consumers' decision-making involves extensive cognitive effort.
c.
It assumes that consumers' decision-making processes merely focus on utilitarian value.
d.
It assumes that consumers' behaviors are based largely on the sheer enjoyment involved with consumption.
e.
It assumes that consumers derive value from the end result of their decisions and not the experience.
The correct option is d. It assumes that consumers' behaviors are based largely on the sheer enjoyment involved with consumption.
The experiential decision-making perspective emphasizes that consumers' decision-making processes are driven by the hedonic or experiential aspects of consumption. It suggests that consumers derive value from the enjoyment, pleasure, and emotional fulfillment associated with their choices.
This perspective recognizes the importance of sensory experiences, emotions, and subjective well-being in shaping consumer behavior, rather than solely focusing on utilitarian value or the end result of the decisions.
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from a global marketing perspective, the cultural environment matters for two main reasons. first, cultural forces are a major factor in shaping a company's global marketing mix program. the second reason is:
The second reason why the cultural environment matters from a global marketing perspective is that it has a significant impact on consumer behavior.
Cultural differences can affect how consumers perceive products and services, what they value, and how they make purchasing decisions. For instance, some cultures may prioritize the importance of individualism and self-expression, while others may prioritize collectivism and community values. This means that companies must be mindful of cultural nuances when developing their marketing strategies to ensure that their messages and products resonate with local consumers. Failure to do so could result in a lack of interest or even backlash from consumers. Additionally, cultural factors can also impact the distribution and pricing strategies of companies, as different cultures may have unique preferences for how products are sold and at what price points. Therefore, understanding and adapting to the cultural environment is critical for companies seeking to expand their global presence and connect with consumers worldwide.
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Suppose a customer is unable to pay its account on time, so the company accepts a six-month interest-bearing note receivable to replace the customer's account receivable. over the next six months, what effect will accepting the note receivable have on the company's financial statements?
Accepting a six-month interest-bearing note receivable from a customer to replace an account receivable will have the following effects on the company's financial statements:
Balance Sheet: The accounts receivable balance will decrease by the amount of the note receivable, and the note receivable will be recorded as a new asset on the balance sheet. The note receivable will also include interest, which will be recognized as interest income over the six-month period.
Income Statement: The interest income earned from the note receivable will be recognized as interest revenue on the income statement over the six-month period.
Cash Flow Statement: Initially, there will be no effect on the cash flow statement, as no cash has been received. However, when the note receivable is paid off at the end of the six months, there will be an increase in cash from the payment of the principal and interest.
Overall, accepting a six-month interest-bearing note receivable will result in a decrease in accounts receivable on the balance sheet, recognition of interest revenue on the income statement, and an increase in cash when the note is paid off at the end of the six months.
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Which of the following is an example of typosquatting? Group of answer choices A start-up investment company assumes the online identity of Arman & Company, a well-established investment company, in social networking platforms for the purposes of acquiring its brand equity. An environmental support group creates a spoof of the advertisement of a popular beverage company, highlighting its degradation of the environment by releasing waste products into the water bodies near its bottling plant. A person registers a domain name, Tucson Multispecialty Clinic, which is the name of a popular multispecialty clinic hoping to resell it to the clinic at an exorbitant profit. A person registers the domain name "currentaffairs.net" to take advantage of the huge popularity of the e-newspaper currentaffairs.org to divert traffic to his webpage and make money by selling advertising space.
Answer:
An environmental support group creates a spoof of the advertisement of a popular beverage company, highlighting its degradation of the environment by releasing waste products into the water bodies near its bottling plant.
Explanation:
An example of typosquatting is an environmental support group creates a spoof of the advertisement of a popular beverage company, highlighting its degradation of the environment by releasing waste products into the water bodies near its bottling plant.
Best Buy provides their loyal customers with a relevant coupon based on previous purchases through their mobile phone, while they are in the store. This represents the _____ aspect of the 4E framework of digital marketing.
This represents the exciting aspect of the 4E framework of digital marketing.
What does the digital marketing 4E framework stand for?The foundation of applied behavioral science is behavior change frameworks. These summaries of cutting-edge decision-making insights, created by behavioral scientists for policymakers and business leaders, are crucial for implementing research in both the public and private sectors. Frameworks reduce human decision-influencing tactics to easily remembered, carryable mnemonics or acronyms.
Education, empowerment, entertainment, and engagement are all part of the 4E paradigm for social media marketing. Each makes an effort to use a different technique to persuade customers to buy your good or service.
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explain how the uniform commercial code (ucc) mandates the identification of goods when the parties to a contract do not agree on a time and manner to do the same.
The Uniform Commercial Code (UCC) is a set of laws governing commercial transactions in the United States. The UCC provides rules and guidelines for the sale of goods, including provisions for identifying and delivering the goods that are the subject of a sales contract.
Further information about UCC -One important aspect of the UCC is its requirement that the parties to a contract must be able to identify the goods that are the subject of the contract. This is important because it ensures that the parties understand exactly what they are buying and selling, and that there is no confusion or misunderstanding about the nature of the transaction.
If the parties to a contract do not agree on a time and manner to identify the goods, the UCC provides default rules to govern this process. Specifically, under UCC section 2-501, if the contract does not specify a time and manner for identifying the goods, the identification occurs:
With respect to goods already existing and identified at the time the contract is made, when the contract is made;With respect to future goods, when the goods are shipped, marked, or otherwise designated by the seller as goods to which the contract refers; orWith respect to goods that are part of a larger mass or supply, when the goods are marked, shipped, or otherwise designated by the seller as the specific goods to be sold under the contract.These rules help to ensure that the parties to the contract can clearly and unambiguously identify the goods that are the subject of the transaction, even if they did not agree on a specific time and manner for doing so. This helps to reduce the risk of disputes and misunderstandings and provides greater certainty and predictability for commercial transactions.
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help need this in 30 mins! 1. Describe an example of a task that it might make sense for a company to outsource. (1-2 sentences. 2.0 points)
2. Describe three things that you think are important for a company to include in its personnel policies. (1-3 sentences. 1.5 points)
3. Describe at least three pieces of information you would include when writing a job description. (1-3 sentences. 1.5 points)
4. Describe two methods you would use to find potential employees if you were in charge of advertising a job for a company. Explain why you would use these methods for advertising the job. (1-2 sentences. 3.0 points)
5. Describe at least two methods you would use to identify job opportunities if you were looking for a job. Explain why you would use these methods for job seeking. (1-2 sentences. 3.0 points)
6. Write your answers to at least three of the lesson 2 questions on what you want from your life page. (1-3 sentences. 3.0 points)
7. Describe a career you would like to have, and explain how you could get started and then advance in that career. (1=3 sentences. 3.0 points)
8. Which part of the online job application was easiest for you to complete? Which section was the most difficult? Give at least one example of work experience, education, or special skills that you included in the application. (2-5 sentences. 3.0 points) CAUTION: To protect your privacy, make sure you don't list the names of specific places where you've worked or gone to school.
1. The best example of a task that makes a lot of sense in a company to outsource its customer support which is more common than phone support. Even the costs may be high, there are many parts which employing, providing office space, and training, and paying taxes on support reps are not very high. It makes sense because it is the best way to outsource a company and to make a better approach to the client.
2. Human resources staff are tasked with keeping up-to-date personnel policies for the companies they work for. These policies govern how a business is run, from hiring and termination to policies for sexual harassment and forms of workplace discrimination. Personnel policies are given to new employees to review, and they are often asked to sign a statement saying that they read and understand the policies. Policies and procedures vary from company to company, but certain elements are common.
3.
Heading information: Where they live, where they came from, who to contact when something bad happens.Work Environment: Know what's around you, be able to know it's safe for workers.3 or 4 skills they need to have: Being able to do the work they are task with.4. I would use employee referral programs and hire for attitude and then do training for skills. Employees working in your organization can be a valuable source of knowledge need when recruiting. They have friends and acquaintances that are in the same field. Come up with a policy that will enable staff to refer suitable candidates for job positions in the company. A smart recruiter should search for attitude when recruiting employees because skills can be gained. The best candidate should show a positive attitude towards a position with the required skills which is in most cases difficult to find. The technique to employ here as a recruiter is to find a person with a positive attitude towards a job posting.
5. The 2 methods which I will use to identify job opportunities if I was looking for a job would be, internships and company websites. Internships: As I am without a job, obtaining a short space among a renowned organization is an excellent method to acquire a footing in the entrance, or produce me including valuable business connections to convene upon in the eternity. Company Websites: If I want a job and want to get to know the company better, why not check out the job part of the company’s website. If I will see opportunities on the company’s website, there is a possibility I will obtain exactly the opportunity that I have been expecting for.
6. Write your answers to at least three of the Lesson 2 questions on the What You Want from Your Life page.
So here are the questions the question is talking about:
What activities do you most enjoy?What activities do you least enjoy?What things have you never done before but want to try?What things would your job need to include in order to make you feel satisfied?What things are you especially good at?What are your weaknesses?What values are most important to you?What issues or causes do you care most about?Which people in your life are most important to you?I answered these 3:
What are your weaknesses? My weaknesses include trouble focusing, impulsiveness, lack of motivation at times, and wanting to be recognized for my efforts. Which people in your life are most important to you? My mom, my grandpa, and my best friend. I would do anything for them, and they know that. I tend to care about their wellbeing more than my own because they give me the motivation to pursue any opportunity that comes my way. What things are you especially good at? I am good at motivating and helping others. I understand my faults and always try to improve in any shape, way, or form. I am also very personable.7. I am not sure what career I want to go in so I will just say an example. If I wanted to work in the veterinary field or be an animal doctor, some steps to take to lead toward this career would be to volunteer at the SPCA or animal shelters so I can get hands-on experience and a first-hand experience on what your career would be. With the prior knowledge of the animals on your resume, it would look good and they would hire me for my prior experience.
8. The section that was the easiest was the general information page. Including your name, age, etc. The hardest section for me was the goals section because I don’t really have any concrete goals at this point in my life right now and I am stuck choosing between multiple career options. One example of an experience I had in the past was when I would volunteer at my church (when I was religious). Now I tend to act as my mother’s secretary for her job, letting her know information from a voicemail, driving her, or taking notes for her meetings.
I put a lot of time and effort into this so, I hoped this helped! :)
what is the law of demand and supply
Answer:The law of supply and demand is a theory that explains the interaction between the sellers of a resource and the buyers for that resource. The theory defines what effect the relationship between the availability of a particular product and the desire (or demand) for that product has on its price.
Explanation:
what does the going concern concept mean?
A)a business is profitable
B)a business will continue to operate for the foreseeable future
C) the assets of a business exceed its liabilities
D)the assets of a business should be evaluated at disposal value
Answer:
B)a business will continue to operate for the foreseeable future
Explanation:
The concept of 'going concern' means that a business will continue to operate into the foreseeable future. It implies that a business has a long life and is no danger of shutting down or being liquidated.
The going concern concept may be applied when a business is being sold or acquired. When a business is being sold as a going concern, it means that it is being sold as a unit. After the transaction, the business is expected to continue with its operations as normal.
Think about the sample you just read. Sort the details depending on whether they are suitable for a younger or older
audience.
defining "litter"
energy-saving goods to buy
statistics about pollution
start an environment club
scientific experts' views
fuel-efficient car facts
how to recycle
Details for a Younger Audience
interviews with kids
Details for an Older Audience
Facts about fuel-efficient vehicles, scientific theories, and suggestions for energy-saving items For a younger audience, creating an environment club, interviewing kids, recycling, and statistics are appropriate.
Why is it vital to consider the target audience's age?You can reach more people in a certain age group by using age demographics. A certain age group may share cultural experiences, values, or attitudes that might help you relate to your target audience. These concepts can be used to demonstrate how your good or service matches their requirements and way of life.
What are the four most important methods for determining a target audience?When launching a business, a product, or a service from your current firm, identifying your core target audience is essential.
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Answer:Details for younger- interviewing with kids, how to recycle, start an environment club, defining “litter”
Older Audience-scientific experts’ views, energy-saving goods to buy,statistics about pollution, fuel-efficient car facts.
Explanation: I took it on edge 2023
Which investment is better stocks, bonds, or mutual funds and why?
\(\text{Hello There!}\)
\(\bold{Stocks}\) \(\text{is the act of putting money in a business and expecting to make a profit.}\)
\(\bold{Bonds}\) \(\text{are more of a safe to invest in, however, you cannot sell them for 12 months.}\)
\(\bold{Mutual\;Funds}\) \(\text{ is the act of investing in securities with other investors}\)
Mutual Funds can be a good option if you're okay with the lack of investment decisions; however, people often lose money due to the risk of securities going down in value.
\({\underline{\underline{{Stocks}}}\) are going to be your best option for short-term investments.
\({\underline{\underline{{Bonds}}}\) are going to be your best option for long-term investments.
\({\underline{\underline{{Mutual\;Funds}}}\) are going to be your best option for investing in bigger stocks.
\(\boxed{There\;isn't\;a\;"best"\;option;\;it\;depends\;on\;what\;you\;prefer.}\)
\(\rule{300}{1.0}\)
Executive orders 12674 and 12731 form the foundation policy on the ethical conduct of Federal Employees
Answer: a. Making authorized commitments
Explanation:
Executive Orders 12674 and 12731 (which amended 12674) of 1989 and 1990 respectively, were signed by President Bush with the purpose of setting forth the principles of ethical conduct that were required of Federal Government Officers and Employees.
These principles were meant to ensure that government officials and employees abstained from Abuse of power whilst working in such a way as not to bring disrepute to the Federal Government.
All of the above are violations of the Order except option A which is stated in Part I Section 101 (f) of Executive Order 12674. It reads that, "Employees shall make no unauthorized statements..." thus insinuating that employees are allowed to make Authorized statements.
The options given are violations of these Executive Orders except A. Making authorized commitments.
It should be noted that executive orders 12674 and 12731 form the foundation policy on the ethical conduct of Federal Employees. They're simply used to guide the way that Federal workers behave.
The violations of the Acts include using public office for private gain, giving preferential treatment to any person or organization, and defrauding the government.
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During communication, people often make
that can create
to effective communication.
PLEASE HELP :(
A transaction that involves investing cash in a business, why is it usually debited, shouldn't it be a decrease (credit)? Just a little confused.
________ is a communication process in which sales associates help customers satisfy their needs through face-to-face exchanges of information.
Answer:
online marketing
Explanation:
Through there u can communicate face to face
Average rate of return or yield on 180-day Government of Canada treasury bills sold on June 18, 2013 was 1.04%. The client sold the $50 000 T-bill after 39 days. What rate of return (per annum) did the client realize while holding the T-bill, if the short term interest for this maturity had risen to 1.13% by the date of sale?
The client held the 180-day Government of Canada treasury bill for 39 days before selling it. The average rate of return on the treasury bills was 1.04% for the entire 180-day period. To calculate the rate of return per annum, we need to determine the equivalent rate for the 39-day holding period.
Using the formula for calculating the rate of return, we can find the per annum rate:
Rate of return = (Sale price - Purchase price) / Purchase price
Since the treasury bill was sold after 39 days, the holding period is 39/180, which is approximately 0.217.
The short-term interest rate rose to 1.13% by the date of sale, so we can calculate the equivalent rate for the 39-day period using the formula:
Equivalent rate = (1 + short-term interest rate)^(number of days held/365) - 1
Plugging in the values, we get:
Equivalent rate = (1 + 0.0113)^(39/365) - 1
Calculating the equivalent rate yields approximately 0.01187.
Therefore, the client realized a rate of return of approximately 1.187% per annum while holding the T-bill for 39 days.
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Which examples demonstrate common Production work environments? Check all that apply.
Craig is a self-employed Jeweler who works in his own shop.
Rashida works in a factory making parts for machinery.
Antonio works in a quiet office filing paperwork.
Mei spends most of her time on the telephone.
Norm stands for long periods while welding in a workshop.
Carolyn performs tests on materials in a laboratory.
((answer: A, B, E))
Answer:
The answer is A,B,E
Explanation:
Jus took the test and got a 100
The examples that demonstrate common production work environment are:
Craig is a self-employed jeweler who works in his own shop. works in a factory making parts for machinery.Norm stands for long periods while welding in a workshopWhat is Production work environment?Production work environment is a workplace environment where employees conduct their work. It is where one work, including the workspace and common work areas shared with others.
The above means that production work environment is where people carry out assembling work, production work, etc.
Hence, the examples that demonstrate common production work environment are:
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Investment 2 Study questions Practice Questions: 1. On January 1, Stacy's portfolio was valued at $96,534. During the year Stacy received $3,285 in interest and $4,100 in dividends. She also sold one stock at a gain of $850. The value of the portfolio on December 31 of the same year was $113,201. At the end of June, Stacy withdrew $5,000 from the portfolio. What is the holding period return for the year? (refer slides for the formula) Sol: 25. 8% 2. Six months ago, Suzanne purchased a stock for $28 a share. Today she sold the stock at a price of $32 a share. During the time she owned the stock, she received a total of $1. 30 in dividends per share. What is her holding period return? Sol: 18. 9% 3. On January 1, Tim's portfolio was valued at $432,098. During the year Tim received $10,563 in interest and $15,060 in dividends. He also sold stock at a net loss of $12,870 and used the proceeds to purchase another stock. Tim did not contribute any more funds nor withdraw any funds during the year. On December 31 of the same year, Tim's portfolio was valued at $398,189. What is the holding period return for the year? Sol: -1. 9%
The holding period return for Stacy's portfolio for the year is 25.8%. The holding period return for Suzanne's stock is 18.9%.Tim's holding period return for the year is -4.67%, indicating a negative return.
Holding Period Return = [(Ending Value - Beginning Value) + Dividends + Gain] / Beginning Value
In Stacy's case, the beginning value of her portfolio on January 1 was $96,534, and the ending value on December 31 was $113,201. She received $3,285 in interest, $4,100 in dividends, and had a gain of $850 from selling a stock. She also withdrew $5,000 at the end of June.
Holding Period Return = [($113,201 - $96,534 + $3,285 + $4,100 + $850) - $5,000] / $96,534
= ($24,902 + $4,100 + $850 - $5,000) / $96,534
= $24,852 / $96,534
= 0.257 or 25.8%
Therefore, the holding period return for Stacy's portfolio for the year is 25.8%.
Holding Period Return = [(Ending Value - Beginning Value) + Dividends] / Beginning Value
In Suzanne's case, the beginning value of the stock was $28 per share, and the ending value was $32 per share. She received $1.30 in dividends per share.
Holding Period Return = [($32 - $28) + $1.30] / $28
= ($4 + $1.30) / $28
= $5.30 / $28
= 0.189 or 18.9%
Therefore, Suzanne's holding period return for the stock is 18.9%.
In the case of Tim's portfolio, the holding period return for the year is -1.9%.
Tim's portfolio had an initial value of $432,098 on January 1 and a value of $398,189 on December 31. He received $10,563 in interest and $15,060 in dividends. However, he sold stock at a net loss of $12,870 and used the proceeds to purchase another stock. Tim did not contribute any additional funds or make any withdrawals during the year.
Holding Period Return = [(Ending Value - Beginning Value) + Dividends + Gain] / Beginning Value
= [($398,189 - $432,098) + $10,563 + $15,060 + (-$12,870)] / $432,098
= (-$33,909 + $10,563 + $15,060 - $12,870) / $432,098
= -$20,156 / $432,098
= -0.0467 or -4.67%
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The main types of markets are called _____.
residential
consumer
industrial
customer
Do United States government sometimes has to interfere with economy. Why would the government initiate an antitrust suit against a company
Answer: When there is a monopoly or fraud
Explanation:
An antitrust suit is described as when an individual or an organization files a lawsuit against an organization based on the kind of business practices it carries out. When the government recognises a business bringing up unfavorable means that could lead to monopoly the government could regulate the monopoly by carrying out a price capping, to ensure prices are not exaggerated for consumers more than they can afford. The government could further initiate an antitrust suit against the company for their actions.
Answer:
to ensure companies do not monopolize any particular realm of business
Explanation:
that's the correct answer ;)
Evaluate TWO factors within a cultural group that may have an impact on one's decision to become an entrepreneur.
Answer:
Attitudes towards risk-taking
Family and community support
Explanation:
Attitudes towards risk-taking: In some cultures, risk-taking is highly valued and seen as an essential part of entrepreneurship. In other cultures, risk-taking is viewed negatively, and individuals may be more risk-averse, preferring stable and predictable jobs. In cultures that emphasize risk-taking and entrepreneurship, individuals may be more likely to take the leap and start their own business.
Family and community support: Family and community support can also be critical factors in an individual's decision to become an entrepreneur. In some cultures, there is a strong emphasis on collective success and communal well-being. In these cultures, family and community members may be more willing to invest time, resources, and money in supporting an entrepreneur's venture. This support can provide a safety net and reduce the risks associated with entrepreneurship, making it a more attractive option. On the other hand, in cultures where individualism is highly valued, there may be less support for entrepreneurial endeavors, and individuals may need to rely more on their own resources and networks to get started.
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what are the limitations of the barter system? explain m1 and m2 money?
The barter system is a system of exchange where goods or services are traded directly without the use of money. While it may seem like a simple and efficient way of trading, it has several limitations.
Firstly, the barter system requires a double coincidence of wants, meaning that two parties have to have something that the other wants and vice versa. This can make it difficult to find a suitable trading partner and can lead to inefficiencies. Secondly, there is no standardized measure of value in the barter system, which makes it difficult to compare the value of goods or services being exchanged.
M1 and M2 are measures of the money supply in an economy. M1 includes all physical currency, demand deposits (checking accounts), and traveler's checks. M2 includes all of M1, as well as savings deposits, money market accounts, and other time deposits.
Therefore, M2 includes all forms of money that can be easily converted into cash. These measures are used by economists and policymakers to track the amount of money in circulation and to make decisions about monetary policy.
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How does wealth inequality affect the economy?
Wealth inequality affect the economy in various ways which makes it unstable.
The fact that the wealthy consume a lesser percentage of their money than the poor is one way this occurs. They conserve funds that those with lower salaries would otherwise squander. This causes the aggregate demand in economy to decline, which in turn causes unemployment.
Governments respond by decreasing borrowing rates and other measures to increase demand. Individuals with low or decreasing relative earnings continue to sustain their expenditure through borrowing as wealth inequality increases. Mortgage or consumer loan defaults can happen from even a slight increase in unemployment or interest rates, which can have disastrous effects.
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Instead of spending the weekend working on the research paper due at the end of next week sam decided to spend the weekend going out to have fun with friends according to freudian theory which system dominated in sams decisions
Answer:
the id
Explanation:
In simple words, the id can be understood as the root of all psychological bravery, as per Freud 's philosophy, rendering it the essential component of identity. The ID is motivated by the concept of immediate satisfaction of all wishes, desires and desires. If these needs are not immediately fulfilled, the effect is a state of discomfort or stress.
Thus, from the above we can conclude that the correct answer is the id.
What impression does it give if you are text messaging or listening to music while waiting to be called into an interview?
When Blu-Ray disc players were new, they could cost around $1,000 and there were a limited number of discs available that would play on them. Stef and Garth waited, concerned with limited availability of discs and wishing for more choices in the market. By the time they purchased a Blu-Ray disc player, sales had leveled off and prices had declined significantly. Stef and Garth were part of the ________ diffusion of innovation group.
In being concerned about the Blu-Ray players and only adopting them late, Stef and Garth can be classified as part of the Late Majority diffusion of innovation group.
The Diffusion of Innovation Theory posits that there are different stages to adopting new technology such as:
Innovators - these are the first to get a product. They show little skepticism and are willing to try new things. Early Adopters - these are the second to get a product and are typically young and adventurous Early Majority - these are the third to get a product and do so when the product is in fashion Late Majority - these ones get the product when it is out of fashion and is cheaper because they were quite skeptical about it.Stef and Garth are therefore part of the late majority because they only got the disc players after they were out of fashion because they had initial skepticism.
In conclusion, Stef and Garth are part of the late majority.
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Discuss the role of the father in attachment theory
Explanation:
Both parents are considered attachment figures in attachment theory, and the child-father attachment is autonomous from the child-mother attachment. Whereas mothers are commonly involved in caregiving and providing emotional refuge, fathers are particularly involved in play and exploratory undertakings.
Question 6
Cash flow is divided into two parts: cash
and cash
Answer: Cash Inflows and Cash Outflows
Explanation:
Cash inflows refers to those activities that are bringing cash into the company. These increase the cash balance and include things like sales revenue, share sales or loan acquisition.
Cash outflows take money out of the business and therefore reduce the cash balance. They include expenses, fixed asset acquisitions and investments in other company securities.
A country produces only bananas and robots. If it produced only bananas with all its available resources, it could make 60 million units. If it produced only robots, it would produce 20 million units.
Graph the production possibilities curve for this country, assuming constant opportunity cost between the two goods—place bananas on the vertical axis and robots on the horizontal axis. Indicate a point on your graph, labeled A, that represents full employment and a possible combination in which both goods are being produced.
My Response: Understanding that every 15 million units of bananas equals 5 million units of Robots, now looking at my graph, you can see that the point labeled A means that at full employment, producing 50% of both goods gives you 30 million units of bananas and 10 million units of Robots.
What is this country's opportunity cost for producing a robot? Explain.
My Response: If we divide 60 Million / 20 Million = 3. So the opportunity cost for producing a robot is 3.
What would the area beyond (outside of) the country's PPC represent?
My Response: The area beyond the country’s PPC basically means the country is not able to produce in that area because it doesn't have the resources to do so. It's impossible or currently unattainable with the setup it has. Needs to improve “Factors of Production”
Assume that the country enters a recession. Label a point that could correspond to its output on your graph, labeling it B.
My Response:
Assume that a new fertilizer increases the efficiency of producing bananas. The productive capacity of robots is unaffected. Illustrate the impact of this change on your graph from part (a). Use an arrow to indicate the direction of the change.
My Response:
Another country with constant opportunity cost can produce 80 million units of bananas with all of its available resources or 10 million units of robots with all of its available resources. Calculate the opportunity cost for this country to produce 2 million units of robots.
My Response:
It should be noted that in the PPC, the downward sloping line 'ab' is the production possibility curve.
How to illustrate the information?In the diagram, since point 'A' falls on the PPC itself, it represents the full employment of resources. Point 'A' represents the combination of 30 million bananas and 10 million robots.
Opportunity cost producing a robot = Total bananas possible / Total robots possible
Opportunity cost producing a robot =60/20
Opportunity cost producing a robot = 3 bananas
The area outside PPC represents the unattainable combinations of two goods.
During the recession, the resources are inefficiently used and the production combination is represented by point 'B' which falls below PPC When the production technology improves only for one good and not for the other, the PPC rotates
Marginal opportunity cost of a robot = 80 million bananas / 10 million robots
The marginal opportunity cost of a robot = 8 bananas
Opportunity cost of 2 million robots = 8 bananas × 2 million
The opportunity cost of 2 million robots will be 16 million bananas.
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