The strategies adopted in response to the major crises in the 20th century, such as the Great Depression and the 1970s crisis (culminating in stagflation), involved a combination of government intervention, policy changes, and shifts in economic thinking.
Great Depression:
During the Great Depression, the response to the crisis included:
a) Expansionary Monetary and Fiscal Policy: Governments implemented measures to stimulate the economy, such as lowering interest rates and increasing government spending to boost aggregate demand.
b) Regulation and Reform: The crisis led to the implementation of financial regulations and reforms aimed at stabilizing the banking system, protecting investors, and preventing future crises. Examples include the Glass-Steagall Act in the United States, which separated commercial and investment banking, and the establishment of deposit insurance to safeguard bank deposits.
1970s Crisis and Stagflation:
The response to the crisis of the 1970s, characterized by high inflation and high unemployment (stagflation), involved:
a) Monetarism and Supply-Side Economics: Economists like Milton Friedman advocated for a more market-oriented approach, emphasizing the role of monetary policy and the importance of reducing government intervention in the economy. Supply-side economics focused on policies aimed at reducing barriers to production, such as tax cuts and deregulation.
b) Labor Market Reforms: Governments implemented policies to address the rigidities in labor markets that were contributing to high unemployment. This included measures to increase labor market flexibility and deregulation, often at the expense of worker protections.
c) Trade Liberalization: Governments pursued trade liberalization policies, including the negotiation of free trade agreements and the reduction of trade barriers. This opened up markets and facilitated the flow of goods, services, and capital globally. However, these policies often favored the interests of transnational capital over public welfare.
In the neoliberal era, the institutions overseeing global trade have codified rules that serve the interests of transnational capital. Here are three specific ways:
Trade and Investment Agreements: Institutions such as the World Trade Organization (WTO) and regional trade agreements have established rules that prioritize liberalization, protecting the rights of corporations and investors. These agreements often include investor-state dispute settlement mechanisms, allowing corporations to challenge government regulations that they perceive as barriers to their profits.
Intellectual Property Rights (IPR): Institutions like the World Intellectual Property Organization (WIPO) have codified rules on intellectual property, strengthening patent rights and copyright protections. This benefits transnational corporations in industries such as pharmaceuticals, entertainment, and technology, but can limit access to essential goods and impede innovation.
Financial Deregulation: Institutions like the International Monetary Fund (IMF) and World Bank have promoted financial deregulation and liberalization, advocating for the removal of capital controls and the opening up of financial markets. This has facilitated the mobility of capital but has also contributed to financial instability and crises, as seen in the 2008 global financial crisis.
These examples demonstrate how the institutions overseeing global trade have codified rules that advance the interests of transnational capital, often prioritizing market-oriented policies and corporate profits over public welfare.
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in the short-run, a profit-maximizing (or loss-minimizing) purely competitive firm should close down its operation if the demand curve for its product lies below:
A profit-maximizing purely competitive firm should continue to operate as long as its total revenue exceeds its variable costs.
In the short run, a firm should shut down if the price it receives for its product is less than its variable costs, which means it is unable to cover its variable costs and is making a loss on each unit produced.
The demand curve does not directly determine whether a firm should shut down in the short run. However, if the demand curve for the product lies below the minimum average variable cost (AVC) curve, then the firm should shut down in the short run as it will not even be able to cover its variable costs.
This is because if the demand is so low that the price is below the minimum AVC, the firm will lose money on each unit produced and it would be better for it to shut down rather than to continue operating and losing money.
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Which of the following describes what is identified by a supply schedule?
a How much suppliers will profit at various prices
b How much consumers will save at various supply levels
c How much suppliers will raise prices as production varies
d How much of a product suppliers will produce at various prices
What is identified in a supply schedule is how much of a product suppliers will produce at various prices (option D).
What is a supply schedule?A supply schedule is a table that shows the price and quantity supplied of suppliers. It shows the total number of goods that would be supplied at various prices.
There is a positive relationship between price and the quantity supplied. This is because as price increases, there would be an increase in the quantity supplied. When price declines, there would be a decrease in the quantity supplied. This explains why the supply curve is positively sloped.
The supply schedule can be an individual schedule or a market schedule. When its an individual schedule, it contains information on only one supplier. If it is a market schedule, it aggregates the information of all the suppliers in the market.
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Why is a brand important to a business?
Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of $8,388. The FICA tax for social security is 6.2% of the first $128,400 earned each calendar year and the FICA tax rate for Medicare is 1.45% of all earnings. The FUTA tax rate of 0.6% and the SUTA tax rate of 5.4% are applied to the first $7,000 of an employee's pay. The amount of federal income tax withheld from her earnings was $1,391.77. What is the total amount of taxes withheld from the Portia's earnings
Answer: $2,033.46
Explanation:
Social security taxes = 8,388 * 6.2% = $520.06
Medicare taxes = 8,388 * 1.45% = $121.63
Federal income tax withheld = $1,391.77
FUTA and SUTA are to be paid by the employer not the employee.
The total amount of taxes withheld from Portia is therefore:
= 520.06 + 121.63 + 1,391.77
= $2,033.46
You have decided that you want to be a millionaire when you retire in 45 years.
Requirement 1: If you can earn an annual return of 11.16 percent, how much do you have to invest today? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Investment$
Requirement 2: What if you can earn an annual return of 5.58 percent? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Investment$
Requirement 1: If you can earn an annual return of 11.16 percent, how much do you have to invest today? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Investment $ The amount of money you have to invest today if you want to be a millionaire when you retire in 45 years, if you can earn an annual return of 11.16 percent is $4,190.25. Requirement 2: What if you can earn an annual return of 5.58 percent? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
Investment $ If you can earn an annual return of 5.58 percent, how much do you have to invest today if you want to be a millionaire when you retire in 45 years? The amount of money you need to invest today is $12,331.65. What is the present value of an annuity? The present value of an annuity is the value of a group of future cash flows at the current time. For example, if an investor can expect to receive a set amount of cash for a certain number of years in the future and would like to know what that amount is worth in the present.
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skypie is a mom and pop bakery in detroit. it costs them $2.48 to make a single rhubarb pie. they sell the pies for $7.89 each. what percent of the price of a pie does the cost represent?
The cost represents 31.5% of the price of a pie.
The percent of the price of a pie that the cost represents can be calculated by taking the cost of the pie ($2.48) and dividing it by the selling price of the pie ($7.89). Then, multiply that number by 100 to express it as a percentage. In this case, the cost of the pie represents 31.36% of the selling price.
It's important for businesses to understand the cost of their products in relation to the price they are charging in order to ensure profitability and make informed pricing decisions. Additionally, understanding the cost-to-price ratio can also help with budgeting and cost management. In the case of Skypie Bakery, they have a 68.64% profit margin on their rhubarb pies. This means that they make a profit of $5.41 on each pie they sell.
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Rising interest rates have made borrowing more costly to consumers. As a result
of the most recent increase in interest rates, borrowing and consumption have
fallen throughout the economy, triggering a contractionary period. Growing
uneasy, citizens have been asking Congress to make an official statement as to
how long this contractionary period is expected to last. Which of the following is
an appropriate response?
Answer:
it depends on the measures taken to ensure that economy is stable.
Answer:
1. it is difficult to say since contractionary periods have varying lengths in different business cycles.
2. shock
3. high unemployment
4. two
5. expansion stage of the business cycle
Explanation:
just took it
Which view is used to enter data into an Access table by default?
Datasheet
Grid
Design
Layout
The answer is Datasheet.
What is the datasheet view?A web datasheet view in an Access app displays online data arranged in rows and columns in a web browser. It can allow data edits or not, as you prefer. When you create a web datasheet view in Access, it opens in Design View, where you can set the record source.
Which view is used to display the data of the table?In relational databases, data is structured using various database objects like tables, stored procedures, views, clusters, etc. This article aims to walk you through 'SQL VIEW' – one of the widely-used database objects in SQL Server.
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Which of the following is a duty of a personal finance manager?
OA. selling property insurance
OB filing tax returns
OC tracking clients' Investments
OD. selling houses
Answer:
OC tracking clients' Investments
Explanation:
Personal finance involves planning and managing an individual income and expenditures to achieve desired financial goals. It includes activities such as income generation, savings, investments, consumption, and insurance. A personal finance manager is a professional who helps their client achieve their financial objectives by assisting them in managing their finances.
The personal finance manager helps the client prepare a financial plan or budget for their current and expected future incomes. They refine the client's financial objectives and draw a roadmap on how to achieve them. A personal finance manager advises on suitable investments and insurance options available in the market. They also truck down on clients Investments.
Underlying the dividend irrelevance theory proposed by Miller and Modigliani is their argument that the value of the firm is determined only by its basic earning power and its business risk. (True or False)
True, The foundation of Miller and Modigliani's suggested dividend irrelevance hypothesis is their claim that the firm's worth is solely decided by its fundamental earning capability and its business risk.
What is Business Risk?Business risk is the possibility that a company or organization will experience declining profits or collapse. Anything that undermines a corporation is a risk. the ability of the organization to achieve its financial goals. Business risk can result from the interaction of several factors. senior executives of a company or Leadership may on occasion create conditions that subject a corporation to greater levels of risk.
However, there are times when a firm is not the only source of danger. As a result, a business cannot completely protect itself against danger.
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Marketing research is applicable to problems involving the four ps. what are the four ps of marketing? (check all that apply.)
Marketing research is applicable to problems involving the four ps. The four ps of marketing are: product, price, place, and promotion.
More about four ps:
The four Ps represent the crucial factors that must be carefully thought out and put into practise in order to properly advertise a good or service. Product, price, place, and promotion make up this list.
The marketing mix is another name for the four Ps. They cover a wide range of aspects that are taken into account when marketing a product.
Such as what consumers want, how the good or service satisfies or doesn't satisfy those wants, how the good or service is perceived in society, how it distinguishes itself from the competition, and how the business that makes it engages with its clients.
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Greg and Jerry are depositing money into savings accounts. Greg deposits $500 into an account
for 2 years with 2% interest. Jerry despots $700 into a different account for 1 year with 3% interest.
Who eams the greatest overall percent interest? Show your work and explain.
Answer: Jerry
Explanation:
Greg deposits $500 into an account for 2 years with 2% interest, the interest gotten will be:
= $500 × 2 × 2%
= $500 × 2 × 0.02
= $20
Jerry despots $700 into a different account for 1 year with 3% interest, the interest gotten will be:
= $700 × 1 × 3%
= $700 × 1 × 0.03
= $21
Based on the calculation, Jerry makes a greater interest.
Who is Patrick Jorgenson? What does he do for a living?
Answer:
I think you mean Patrick Jørgensen
Explanation:
He is a musical artist and if you don't mean Patrick Jørgensen I'm sorry
The development of the Internet and e-mail to replace regular mail services in many cases would be an example of Select one: A. roundabout production B. creative destruction. C. specialization. D. derived demand.
The development of the Internet and e-mail to replace regular mail services in many cases would be an example of creative destruction. The answer is B.
Creative destruction is an economic concept coined by economist Joseph Schumpeter. It refers to the process in which new innovations or technologies replace outdated or inefficient ones, leading to the transformation and improvement of industries and markets.
In the given scenario, the development of the Internet and e-mail as substitutes for traditional mail services represents a form of creative destruction. The emergence of electronic communication platforms has revolutionized the way people exchange information and correspondence, significantly impacting the traditional mail industry.
The Internet and e-mail offer faster, more convenient, and cost-effective means of communication, leading to a decline in the demand for regular mail services. This shift exemplifies how new technologies disrupt existing industries, necessitating adaptation and evolution to remain competitive in a changing market landscape. Thus, B. is the right answer.
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what is the difference of communism and socialism?
4. How do dependent tasks differ from primary tasks?
Answer:
The answer is below
Explanation:
Dependent task is a term used to describe a type of task that is associated with the main or independent task under a particular scope of work. It is usually a sub-task of the whole task that needs to be executed.
On the other hand, a Primary task is a term used to describe a type of task that takes the center stage or the major task with priority. It takes the largest or most resources in its execution.
Jared had studied extremely hard for his math test and believed he had understood the material and memorized the formulas. As he entered the classroom and sat at his desk, he began to worry. He was fearful that he had not prepared enough to do well on the test. The tests were passed out, and he turned his over to begin. As he read the first question, he panicked and his mind went blank. He had a classic case of test anxiety. Which of Jared’s anxiety reactions was physical? He panicked. He began to worry. He was fearful. His mind went blank.
Answer:
He began to worry.vvv
Explanation:
Answer:
"(A)" not 100% percent sure but I'm 99.9 percent sure it's right because I am very confident in my decision
Explanation:
tell me in the comments if it's right, if it's wrong I'll change my answer as soon I notice but please don't hate because this is what I think
Trinity Ltd. wants to obtain debt financing to fund its expansion. What are the different sources from which it can raise this fund?
A. common stock and commercial banks
B. common stock and insurance companies
C. stock brokerage firms and insurance companies
D. preferred stock and stock brokerage firms
Answer:
The correct answer is C.) Stock Brokerage Firms and Insurance Companies
Explanation:
Hope this helps :)
Calculate the geometric (average) return over the 5-year investment period.
Year Price
0 19
1 22
2 20
3 23
4 25
5
19
Round your answer to 4 decimal places. For example, if your answer is 3.205%, then please write down 0.0321.
The geometric (average) return over the 5-year investment period is 0 or 0.0000 (rounded to 4 decimal places).
To calculate the geometric (average) return over the 5-year investment period, we need to use the following formula:
Geometric Return = [(Final Price / Initial Price)^(1 / Number of Years)] - 1
In this case, the initial price is 19 and the final price is 19 (given that the price in Year 5 is also 19). The number of years is 5. Plugging these values into the formula, we have:
Geometric Return = [(19 / 19)^(1 / 5)] - 1
= 0
Therefore, The geometric (average) return over the 5-year investment period is 0 or 0.0000 (rounded to 4 decimal places).
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Baako Ltd purchase motor vehicle as follows date 01/01/13 800,000$,01/01/13 400,000$,01/04/15 600,000. The company adopts straight line method of depreciation at the rate 10% per annum from the date of purchase separate account is prepared for provision for depreciation. On 30th June, 2014 the motor vehicle which was purchase on 1st July was sold for 24,000$. You are required to prepare (a) motor vehicle account for the years 2013,2014 and 2015. (b) motor vehicle disposal account.
Baako Ltd purchase motor vehicle as follows date 01/01/13 800,000$,01/01/13 400,000$,01/04/15 600,000. The company adopts straight line method of depreciation at the rate 10% per annum from the date of purchase separate account is prepared for provision for depreciation. On 30th June, 2014 the motor vehicle which was purchase on 1st July was sold for 24,000$. You are required to prepare (a) motor vehicle account for the years 2013,2014 and 2015. (b) motor vehicle disposal account.
international business includes all business activities that involve exchanges across state boundaries.true /false
True. International business refers to all business activities that involve exchanges of goods, services, or resources across national boundaries.
It encompasses a wide range of activities, including imports and exports, foreign direct investment, licensing and franchising agreements, global supply chain management, and multinational corporations operating in multiple countries. International business is characterized by the need to navigate different legal, economic, cultural, and political environments. It involves conducting business in foreign markets, dealing with international trade regulations, managing foreign currencies, and understanding global business trends. Overall, international business involves the expansion of business activities beyond national borders and requires a global perspective to succeed in the interconnected global economy.
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An automatic lathe produces rollers for roller bearings, and the process is monitored by statistical process control charts. The central line of the chart for the sample means is set at 8.30 and for the mean range at 0.29 mm. The process is in control, as established by samples of size 6. The upper and lower specifications for the diameter of the rollers are (8.30 +0.25) and (8.30-0.25) mm, respectively. Click the icon to view the table of factors for calculating three-sigma limits for the x-chart and R-chart. a. Calculate the control limits for the mean and range charts. The UCL equals ___ mm and the LCLR equals _____ mm. (Enter your responses rounded to two decimal places)
The control limits for the mean and range charts are UCL = 8.44 mm and LCL = 8.16 mm.
What are the upper and lower control limits for the mean and range charts?Statistical process control (SPC) charts are widely used in manufacturing to monitor and maintain process stability. In this scenario, an automatic lathe is producing rollers for roller bearings, and the process is monitored using statistical process control charts.
To calculate the control limits for the mean and range charts, we need to consider the sample size (n) and the provided central line values. In this case, the sample size is 6, and the central line for the mean is set at 8.30 mm, while the central line for the mean range is 0.29 mm.
For the mean chart , the upper control limit (UCL) is calculated by adding three times the mean range to the central line: UCL = 8.30 + (3 x 0.29) = 8.44 mm. The lower control limit (LCL) is calculated by subtracting three times the mean range from the central line: LCL = 8.30 - (3 x 0.29) = 8.16 mm.
These control limits help determine if the process is in control or experiencing any significant variations. If data points fall outside these limits, it suggests that the process may be out of control and further investigation is required.
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Explain the levels of shariah rulings by giving examples of each relevant to the financial transaction.
Answer:
The levels of shariah rulings by giving examples of each relevant to the financial transaction is explained below in complete details.
Explanation:
Rules of Islamic Finance
The laws of Islamic finance adhere to the general sources of withdrawing Qimar and Maysir which are betting and gambling along with Gharar which is risk linked with exploitation and unfairness. This shuts access to the theory of interest and prevents the use of conventional debt-based devices. The Islamic financial system promotes risk-sharing, encourages entrepreneurship, discourages dangerous behavior, and emphasizes the sacredness of contracts.
Identify two prices indices?
Answer:
Some notable price indices include:
Consumer price index.
Producer price index.
Employment cost index.
Export price index.
Import price index.
GDP deflator.....
Answer:
consumer price indexproducer price indexExplanation:
consumer price index: it measures changes in the price level of a weighted average market basket of consumer goods and services purchased by households.
producer price index: it is a price index that measures the average changes in prices received by domestic producers for their output.
Uppose the Sunglasses Hut Company has a profit function given by P(q) = -0. 01q² + 69 – 33, where q is the number of thousands of pairs of sunglasses sold and produced, and P(q) is the total profit, in thousands of dollars, from selling and producing a pairs of sunglasses. A) Find a simplified expression for the marginal profit function. (Be sure to use the proper variable in your answer. ) Answer: MP(q) = B) How many pairs of sunglasses (in thousands) should be sold to maximize profits? (If necessary, round your answer to three decimal places. )
A) The simplified expression for the marginal profit function is MP(q) = -0.02q + 69.
B) To maximize profits, the company should sell approximately 1,750 pairs of sunglasses (in thousands).
A) The marginal profit function represents the rate of change of profit with respect to the quantity sold. To find it, we differentiate the profit function P(q) with respect to q. Taking the derivative of P(q) = -0.01q² + 69q - 33, we get MP(q) = -0.02q + 69.
B) To maximize profits, we need to find the value of q that corresponds to the maximum point on the profit function. This can be determined by finding the vertex of the quadratic function -0.01q² + 69q - 33. The vertex occurs at q = -b/2a, where a = -0.01 and b = 69. Plugging these values into the formula, we find q ≈ 1,750 pairs of sunglasses.
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An oligopoly firm is similar to a monopolistically competitive firm in that.
Answer:
An oligopoly firm is similar to a monopolistically competitive firm in that both firms face the prisoner's dilemma. both firms are in industries characterized by an interdependent firm. both firms have market power. both operate in a market in which there are significant entry barriers.
According to the bcg market share/market growth matrix, _____ typically require more cash than they generate. group of answer choices cash cows stars question marks achievers
According to the BCG Market Share/Market Growth Matrix, "Question Marks" typically require more cash than they generate.
The BCG Market Share/Market Growth Matrix is a strategic tool used to analyze and classify a company's products or business units based on their market share and market growth rate. In this matrix, "Question Marks" refer to products or business units that have low market share but operate in high-growth markets.
Question Marks are characterized by high potential but also high uncertainty. They require significant investment in marketing, research, and development to increase their market share and become "Stars." As a result, Question Marks typically require more cash than they generate, as they are still in the early stages of their growth and may not be generating substantial profits yet.
On the other hand, "Cash Cows" are products or business units with high market share but operate in low-growth markets. Cash Cows generate more cash than they require and are considered stable and profitable. "Stars" are products or business units with high market share in high-growth markets, while "Achievers" refer to products or business units with moderate market share in moderate-growth markets.
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"At WainPort Industries, the firm’s senior managers approach marketing implementation with the belief that marketing strategy should be developed at the top of the organization and then transmitted to lower levels where frontline managers and employees implement it. What implementation approach is being used at WainPort?"
Answer:
The correct answer is: Implementation by command.
Explanation:
To begin with, in the field of marketing the "Command Approach" is understood as the method of implemantion by which the strategy is established in the top levels of the organization and then is transmitted to the whole other inferior levels in order to implement it and carry out the action that must be done as planned with the only purpose to accomplish all the goals preestablished. Therefore that WainPort is using that type of marketing implementation in the organization when they push the information from the higher levels to the lower levels.
What are some of the factors that would influence your insurance costs foolproof?
Factors that would influence your insurance costs are:
Age or driving history. Younger and less experienced drivers are more likely to get in car accidents, hence their insurance costs are often higher.Your car's make and model.history of accidents and driving.Geographic location.Why is insurance important? What is insurance?An effective way to guard against financial loss is insurance. It is a method of risk management that is primarily employed to protect against the risk of a potential loss. An organization that offers insurance is referred to as an underwriter, insurer, insurance business, or insurance carrier.Plans for insurance will assist you in paying for future medical care, hospitalization, contracting any illnesses, and treatment. Insurance policies can help to offset the family's financial loss caused by the untimely demise of the family's primary source of income.To learn more about the insurance, refer to the following link:
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Explain why you might not want to have passive income as your only source of income.
Answer:
Passive income is dependent on the actions of others, and you have little influence over the amount of money you earn. Without doing anything different, the money you receive from it might be extremely excellent or very awful. If, for example, you are a novelist and your book is panned, you may not be able to make a living from it. If people like it, on the other hand, you may make a lot of money.
____________OAmalOHopeO
______________
Answer:
Passive income relies on what others do and you dont really have control over the amount of money you make