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The Coronavirus (COVID-19) may have had a significant negative impact on the UK economy. Use the 3-equation model diagrams to show how the economy can fall into a deflation trap. Explain, with reference to the diagrams, how the central bank or government can intervene to escape the trap. Show the relevant – S curve and re-label the MR as the PR to indicate that fiscal policy is being used. Are there any reasons why these policies might not work?

In the face of COVID-19, deflation has been exacerbated, and the figure above is an example of how the deflation trap can be analyzed in the Keynesian model. The Fisher equation from the figure would be i=r+ᴨE. The central bank will have to adjust nominal rates to modify the real...

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What is a pyramid scheme and what is a Multi-Level Marketing plan (MLM)? How do they differ, if at all? See if you can find online information regarding an illegal pyramid schemes and a legal MLM scheme. How can you recognize an MLM if you are approached to get involved with one? Have you ever participated in or invested in either an MLM or an illegal pyramid scheme? Why are fraudulent pyramid schemes naturally unsustainable? Who are the victims? Provide a diagram illustrating the dynamics of pyramid schemes.

Network marketing is the concept of selling goods and services, where each sales agent, in addition to selling products, has the right to attract partners. Members of the distribution network receive income in the form of commissions for the sale of products and various bonuses that depend on the sales...

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What is a Ponzi Scheme and how do you recognize one? Next, survey the Web site of a 2009 60 Minutes CBS broadcast on the Madoff affair, which includes articles, video, and links in this YouTube Video, ‘The Man Who Knew’. According to this site, who discovered the Madoff fraud and then discuss how he discovered it? Who were Madoff’s victims and what were some common elements among the individuals who participated in this scheme? Next, visit the support group Web site created for the victims and report on what you found interesting. In the CBS video, how did Madoff defend himself? Read a Read a Journal article that explains how Madoff’s Ponzi scheme was able to succeed. How did biases in regulatory oversight contribute to the fraud? Sample some of the videos of the congressional hearings on the Madoff scandal. Why did representatives and senators eventually focus their criticism on the Securities and Exchange Commission?

In the 1990s, Madoff created an investment pyramid that collapsed after his investors, frightened by the credit crisis, tried to simultaneously withdraw from it about $7 billion, which Madoff did not have. Such financial schemes are called Ponzi schemes – after the famous fraudster of the 1920s. They pay investors...

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Multilateral trade agreements were designed to reduce world trade barriers on a multilateral basis. Review the World Trade Organization website at WTO.org. Evaluate their mission and success over the past few years? What obstacles do they face?

The World Trade Organization (WTO) is a community of global importance and solving the tasks of liberalizing trade and trade policy of the member states. The WTO began its activity at the end of the last century to decide on the development and practical implementation of progressive rules in the...

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Assume that you are the president of your company and paid a year-end bonus according to the amount of net income earned during the year. When prices are rising, would you choose a FIFO or weighted average cost flow assumption? Explain, using an example, to support your answer. Would your choice be the same if prices were falling?

The decision to choose FIFO or the weighted average flow assumption depends on the price dynamic currently on the market. The FIFO method disposes of sold goods on a first-in-first-out basis, with their price equal to that the initial goods were acquired at. For example, if individual goods were obtained...

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Explain what effect the changes will have on the equilibrium price and quantity in the following market: The use of computers in business continues to expand; while at the same time, the number of graduates in computer technology programs increases.

Computers are a technological innovation that leads to the production of quality goods. Therefore, the increase of computer graduates in the market stipulates an increase in computer products leading to an increase in the quantity supplied. On the other hand, due to the enormous number of computer product suppliers, the...

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Explain what effect the changes will have on the equilibrium price and quantity in the following market: The cost of producing anti-cholesterol drugs increases, and at the same time, medical problems associated with high cholesterol continue to increase.

An increase in the production of a commodity increases the overall cost of production of the good, leading to an increased price of the anti-cholesterol drug. Therefore, the equilibrium price moves upwards from Q_e0 to Q_e1. Increased medical issues resulting from high cholesterol will lead to increased quantity demanded, culminating...

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Explain what effect the changes will have on the equilibrium price and quantity in the following market: The government imposes a special excise tax on full-sized SUVs, while at the same time, gas prices decrease dramatically.

The state imposing of tax on full-sized SUVs would lower the equilibrium price of full-sized SUV vehicles since their cost of production will be high. While at the same time, a drastic reduction in the prices of gas would see equilibrium quantity rise as lower prices attract higher demand from...

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Explain what effect the changes will have on the equilibrium price and quantity in the following market: Medical reports indicate that spinach is an effective anticancer food, while at the same time, a new, faster-growing variety of spinach is developed.

As the belief that spinach intake lowers the rate of cancer, the need for the commodity will rise, making the demand curve make a right shift. While the new variant of spinach is being produced, the supply increases in the market, hence, making the supply curve shift to the right....

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Describe key responsibilities of individuals who work in the revenue cycle process. “Describe” means to give an account in words of (someone or something), including all the relevant characteristics, qualities, or events. Describe key components (such as verifying insurance, financial counseling, coding of documented services provided, and other components) and who is responsible (individuals such as coders, registration clerk, and others).

Various individuals have specific responsibilities in the revenue cycle process. The registration clerk’s responsibility is to register and check the information on the patient and the case during the pre-registration and registration phase so that the forms do not have errors that may lead to rejecting the application of bills...

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Explain the purpose of each step in the revenue cycle process. “Explain” means to make (an idea, situation, or problem) clear to someone by describing it in more detail or revealing relevant facts or ideas. The steps within the revenue cycle process include admissions, case management, documentation, coding, billing, and other steps.

The purpose of admissions as a step in the revenue cycle process is to collect sufficient information about the case and the patient to produce an accurate estimation of the costs involved. Documentation is necessary to prevent errors in information relevant to the case and to capture the charges to...

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What is the importance of collecting and interpreting data and information about competitors? What practices should a firm use to gather competitor intelligence and why?

In business environments, efforts to collect and interpret competitor-related data are crucially important in terms of promoting the firm’s awareness of its current competitive position and whether its business operations require improvement and modernization. If conducted properly, competitor data analysis generates valuable insights regarding the potential risks for the entity,...

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Thinking of your current or most recent employer, think of a change that the organization needs to implement. Describe how you could use Lewin’s change model to effectively implement the needed change.

The Blackstone Group needs to implement sustainable renewable energy in their properties. The first step is unfreezing; to reduce energy costs and answer the calls for sustainable energy use, the company has to find other alternative sources of energy such as solar energy. The second step is moving, where they...

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Think of a company you work for or a company you’d like to work for. Providing specific examples, describe the external forces for change that you believe will have the most profound impact on that industry over the next 5-10 years.

The Blackstone Group is the most prominent office space owner in the world. The following external forces for change will affect them. Firstly, technology will impact the office space industry, whereby the availability of tools that enable people to work remotely will lower the demand for office space. Secondly, organizational...

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Discuss Ulta beauty regarding each aspect of the retail marketing mix and explain why it is the nation’s leading beauty retailer.

The beauty and cosmetics store, which sells mass-market and well-known brand cosmetics, healthy skincare, and hair care products, deliberately avoid new and old competition. Sephora’s high-end cosmetic products have won over many high-spending customers because of their quality. Walgreens and CVS overhaul their pharmacy sections, taking cues from the Ulta...

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Describe the actual responsibility exercises by institutional investors in the world based on the examples of actual responsibilities based on stewardship codes; monitoring management, constructive engagement with the investee companies, setting of voting policy, report of actual activities, etc.

As owners of the companies they invested in, shareholders have not only rights but responsibilities towards the company and other shareholders. The responsibilities of shareholders are outlined in the stewardship code and can vary in different countries. Stewardship codes are soft guidelines that set stewardship standards for asset owners and...

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Describe the actual responsibility exercises by institutional investors in the world based on the type of institutional investors (asset owners & asset managers) and their characteristics (investment horizon, investment objectives, etc.)

Several types of investors can become stakeholders in a business venture. Shareholders can be categorized into institutional stockholders, strategic persons or owners, private corporations, and public sector investors. According to Chen, institutional investors can be defined as an “organization that invests money on behalf of other people.” Such a company...

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Explain the dual labor market theory.

The dual market theory suggests viewing the labor market as driven by self-composed sub-markets or so-called segments. The theory helps to understand different identities of market segments and their impact on the well-being of a country. It argues that there is a dichotomy is placed between a high-wage primary segment...

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Explain two spatial forms of economic globalization.

There are national and sub-national spatial forms of economic globalization. Globalization at a national level is a broad concept that involves the spread of material and ideological goods within a country. In contrast, the sub-national form of globalization refers to a city or region that is a center of economic...

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Assume that both the supply of bottled water and the demand for bottled water rise during the summer but that supply increases more rapidly than demand. What can you conclude about changes in equilibrium price and equilibrium quantity?

The amount of products and commodities that consumers are able and willing to buy at different prices during a particular period is known as demand. Furthermore, Martins et al. insinuate that demand is the willingness and the ability of consumers of the intended product or service to purchase it at...

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Explain the shifts in demand and supply that can result when the price rises, quantity doesn’t change. Assume the demand curve is downward sloping and the supply curve is upward sloping.

A rise in prices of commodities and an uninterrupted change in the quantity of the same product may happen in the case of essential goods and services that consumers and citizens of a particular country may be in need of this in the case of basic necessities like food. As...

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Using the 3-equation model diagrams, provide detailed period by period description of the adjustment process for the case where the economy is hit by a permanent negative aggregate demand shock. Draw and briefly explain the impulse response functions for output, inflation and the real interest rate for this adjustment process of a permanent negative aggregate demand shock.

Following shifts in the I.S. curve, the role associated with real interest rate stabilization rs shows a new stabilization interest rate. To minimize inflation, the interest rate must be at r1, which is above the new rs. In temporal demand shocks, the I.S. becomes I.S.’ quickly before it returns to...

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Suppose you wish to raise some money for your favorite local charity. This charity needs $50,000 a year to run its operation, and you want to make sure that it is ensured an annual payment of this amount from now on for every year in the foreseeable future. Given an interest rate of 5%, how much would you have to fund this perpetuity to guarantee the charity a payment of $50,000 per year?

Perpetuity is an investment that does not have an end and consists of identical cash flows. In order to calculate the present value of a perpetuity, one should divide the value of this fixed payment by the discount rate. Since both values are given, the present value of perpetuity =...

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Suppose there are three different companies. The first one, Trendy Tech Inc., has investors who are “fair-weather friends.” When the stock market is going up, everybody wants to invest in Trendy Tech, but as soon as the market goes down, everyone jumps ships and sells their shares. The second company is Oily Oil Inc. Oily’s stock price seems to depend only on the price of oil and nothing else. Finally, there is Conglomerated Conglomerate Inc. Conglomerated is a giant company with holdings in almost every industry imaginable – from cell phones to grocery stores and even amusement parks. Based on this information, which company would you think has the highest beta? The lowest beta? Which one do you think has a beta closest to 1?

The value of beta depends on several factors and is used to measure how the firm’s stock reacts to changes in the stock market. Several factors are the variability of the market return, the variability of the individual stock return, and the correlation between the return on the market and...

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Will the equilibrium price of orange juice increase or decrease in each of the following situations? A medical study reporting that orange juice reduces cancer is released at the same time that a freak storm destroys half of the orange crop in Florida. The prices of all beverages except orange juice fall in half while unexpectedly perfect weather in Florida results in an orange crop that is 20 percent larger than normal.

A commodity attains its equilibrium price when the total demand for the item is equal to its supply. Furthermore, Hitzemann and Uhrig-Homburg enumerate that when the supply of a product becomes similar to its demand in the market, the price at which it sells is referred to as its equilibrium...

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Calculate the following: The cost of equity if the risk-free rate is 2%, the market risk premium is 8%, and the beta for the company is 1.3. The cost of equity if the company paid a dividend of $2 last year and is expected to grow at a constant rate of 7%. The stock price is currently $40. The weighted average cost of capital (WACC) if the company has a total value of $1 million with a market value of its debt at $600,000 and a market value of its equity at $400,000. Its cost of debt is 6% and its cost of equity is 15%. The tax rate it pays is 25%.

The cost of equity could be calculated in different ways and using different data. For the question of the assignment, it would be more proper to use the CAMP formula. According to Investopedia, “In this equation, the risk-free rate is the rate of return paid on risk-free investments … [while]...

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How the customer communication plan should be built?

The building of a customer communication plan serves as a road map that allows a company to deliver a message to the audience. Before any tourism company makes a communication plan, the marketers should evaluate and comprehend the information the customers’ desire. The company should then analyze the consumer’s journey...

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Using graphs, explain what will happen to the equilibrium price and equilibrium quantity of a product as a result of the following scenario: A rise in the number of buyers and a decrease in the cost of producing the product.

A rise in the overall number of consumers increases the quantity of a commodity demanded. Therefore, there will be an increased equilibrium quantity from Q_e0 to Q_e1 because of the rise in the volume of the product demanded by consumers and the increased quantity supplied brought about by the reduced...

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Explain the shifts in demand and supply that can result when both price and quantity rise. Assume the demand curve is downward sloping and the supply curve is upward sloping.

An increase in price lowers the quantity demanded by consumers, thereby shifting the demand curve to the left, as illustrated in the diagram. An increase in quantity demanded leads to the subsequent increase in quantity supplied of a commodity, and as a result, there occurs a proportionate increase in equilibrium...

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Explain the shifts in demand and supply that can result when the price rises and quantity falls. Assume the demand curve is downward sloping and the supply curve is upward sloping.

An increase in the price of goods and services lowers the quantity demanded of such a product or service while increasing its quantity supplied since vendors would want to maximize their profits from the higher prices. Therefore, when supply decreases at a higher rate than the rate of increase in...

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What is the role of a data in customer journey planning?

Customer journey analytics allows tourism companies to understand their consumers and prospects, most preferred engagement and content, and offer an exceptional experience. Indeed, tour operators need to integrate a foundation of external and internal data in real time for optimized customer journeys and quick decision-making. According to Bedgood, applying analytics...

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Why the communication plan is important for tour operators or other tourism companies?

Developing an effective communication plan allows tourism countries to adopt an effective marketing strategy to enhance customer acquisition and retention. Precisely, through the communication plan, the tour companies aim to increase the number of visitors at a destination and maximize the utilized capacity of a touristic business. According to a...

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Suppose that you are the economic advisor to a local government that has to deal with a politically embarrassing surplus that was caused by a price floor that the government recently imposed. Your first suggestion is to get rid of the price floor, but the politicians don’t want to do that. Instead, they present you with the following list of options that they hope will get rid of the surplus while keeping the price floor. Identify each one as either could work or can’t work: Restricting supply, Decreasing demand, Purchasing the surplus at the floor price.

Government regulations and policies affect the supply and demand of goods. For instance, fiscal policies imposed by federal governments, like tax cuts and more government spending, are two methods to boost demand. Cutting the tax rate charged on incomes will increase disposable income and encourage people to spend. Additionally, effective...

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Briefly state the basic characteristics of pure competition, pure monopoly, monopolistic competition, and oligopoly. Into which of these market classifications does each of the following most accurately fit: a supermarket in your hometown; the steel industry; a Kansas wheat farm; the commercial bank in which you have an account; the automobile industry. In each case, justify your classification.

Different firms and industries operate in different or the same market structures in an economy. There are many distinct types of enterprises in today’s economy. An economic examination of the many enterprises or businesses within a society is streamlined. However, categorizing them into various versions depends on the quality of...

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Critically evaluate and explain: In monopolistically competitive industries, economic profits are competed away in the long run. Hence, there is no valid reason to criticize these industries’ performance and efficiency. In the long run, monopolistic competition leads to a monopolistic price but not to monopolistic profits.

Monopolistic firms and industries are, at times, known to exercise market power due to low levels of competition or no competition at all. The lack of competition arises due to the difficulty of entry into a monopolistic market. Additionally, these firms realize more profits since they are few and meet...

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What information does a government need if it wants to attempt to reduce a widespread negative externality like air pollution? Who, typically, is actually in possession of that information? How do markets in tradeable emissions permits solve the asymmetric information problem affecting pollution abatement efforts?

Global warming caused by greenhouse emissions is a perfect illustration of what economists refer to as an externality. An externality happens when one person’s activities worsen or worsen a second entity, yet the first entity endures neither the expenses nor the rewards. Externalities arise in a wide range of everyday...

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Suppose you are a corn farmer in your home state. You have to decide between two projects. One project is to purchase new equipment for your farm that will help boost your profits for the next 10 years. You also find out that you can purchase a large banana farm in Brazil for the same price as the equipment, and at the current market price for bananas you will make a lot more profit than you would from purchasing new corn farming equipment. After asking around, you find out that the standard discount rate for evaluating the NPV of the farming project is 6%. Most farmers in your home state seem to use this rate successfully. However, you don’t know any other banana farmers and you don’t know too much about farming in Brazil, so you have to make a guess on an appropriate discount rate for the Brazilian banana farm. Would you say the Brazilian banana farm will need a lower or higher discount rate? A lot larger or smaller, or only a little?

The problem of the corn farmer in the example lies in determining as many risk factors for establishing a banana farm as possible. According to Barrett, “there is not a one-size-fits-all approach to determining the appropriate discount rate.” However, one of the most used methods to suppose a discount rate...

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Describe four CSR issues and explain how these issues can impact a company’s international business activities.

In the given case, corporate social responsibility (CSR) and business practices are prominently critical issues. In the scenario, the emerging CSR issues include human rights, environmental, economic, and ethical responsibilities. Although CSR is an expansive, multidimensional, and highly individualized concept, it is underlined by the idea that corporates have a...

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What is the fundamental dilemma facing the incumbent company?

The incumbent company that sustainably develops in its field can be threatened by disruptive technologies. Thus, it has to decide whether it is better to invest in developing existing products or to attempt to explore some new technologies. Exploring new technology not only demands an expanded R&D center but sometimes...

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What industries or settings do you think the innovator’s dilemma is most salient?

The innovator’s dilemma can be seen in the sphere of online communication and social media. TikTok can serve as an example of a disruptive technology due to the new concept of short videos, lower ad saturation, and an opportunity for users to express their feelings via unique content. It competes...

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Define the terms fiscal policy and monetary policy. Explain how they are different and provide examples.

Monetary and fiscal policies are the two commonly used macroeconomic strategies to influence the economy. By definition, monetary policy entails regulating money in circulation with the primary goal of influencing employment rates, price regulation, and economic stability. Fiscal policy is defined as the collection of the federal government’s actions to...

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Discuss the G20/OECD Principles of Corporate Governance; financial and operating results, company objectives and principles, major share ownership, etc.

The G20 and Organization for Economic Co-operation and Development (OECD) share the principles of corporate governance. According to those principles, business ventures should ensure they have an efficient corporate governance framework and outline the responsibilities of the board of directors, obligations and rights of shareholders, and their own functions. These...

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Discuss the examples of disclosure report & their characteristics; annual report, letter to shareholders by CEO, integrated reporting and TCFD.

Corporate transparency can be achieved through a variety of means, including meeting with shareholders and disclosure reports. The latter can take the form of annual reports, letters to shareholders, integrated reports, or specific task forces on climate-related financial disclosures (TCFD). Thus, a business venture can stay connected with its investors...

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Information the long-term investors want; ESG information, current & historical financial information, not written information, etc.

Although different disclosure reports provide comprehensive data on the company, long-term investors prefer to receive specific information. Shareholders are interested in metrics and data that illustrate the future quality of the company and competitive conditions and advantages. Environment, social, and governance (ESG) information is crucial for long-term stakeholders of any...

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Since January 2018 the USA and China have been engaged in a trade war. Do some further research on the case (up to President Biden’s inauguration on 21/1/2021) and consider analytically how 3 of the 6 elements of the DNA of negotiation apply to this situation.

Negotiation is an integral part of all aspects of a person’s life, from buying a car from someone to international diplomatic affairs. Certainly, the responsibility for unsuccessful negotiation strategies may be high at the international level. It can weaken the country’s position in the market, and in the worst case,...

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Select a newspaper, magazine, or Internet article published in 2020-2021 that is related to foreign direct investment and regional economic integration. Summarize the content of the article in your own words.

In the article concerning the Middle East and North African (MENA) regional trade, MENA has been underperforming before the invasion of the Covid 19 pandemic within the region and in the context of the world at large. The situation may get worse in the post-pandemic era. The underperformance of economic...

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Select a newspaper, magazine, or Internet article published in 2020-2021 that is related to foreign direct investment and regional economic integration. Discuss the article using relevant economic concepts and theories.

According to the report on MENA and its deteriorating economic performance, it is mainly because of the political and economic reasons that the region experiences. The report does give solutions to the various problems that affect the Middle East and North Africa as trade regions. According to Schiff et al.,...

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Select a newspaper, magazine, or Internet article published in 2020-2021 that is related to determinants of currency exchange rate. Such determinants should include inflation and interest rates. Summarize the content of the article in your own words.

The Central Bank of Argentina, according to the article, concluded and made a decision that saw other banks or financial institutions stop the activities that involved foreign exchange and any purchases as November approached. Although Argentina may be one of the world’s largest countries that face such a crisis, and...

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Select a newspaper, magazine, or Internet article published in 2020-2021 that is related to determinants of currency exchange rate. Discuss the article using relevant economic concepts and theories.

As from the earlier years, possibly 2001, Argentina has been facing a financial crisis. This implies that the banks in the country have survived to a greater or lesser extent by taking spread as far as the rates they pay to those who deposit their money with them. Also, the...

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Assume there is a decrease in the demand for goods and services, which leads to a decrease in the real GDP, and eventually, the economy falls into recession. When the economy enters a recession due to a decline in demand, what will happen to the price level? Assume there is no government intervention. Explain how the economy will eventually get back to the natural rate of output (real GDP).

A recession is essentially a period of economic decline characterized by decreased output and consumption, increased unemployment, and lower price levels. It shows that the curve on demand has moved to the right, thus, showing that the same cost of products now correlates to a quantity on the graph that...

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Assume that a hypothetical economy is at long-run macroeconomic equilibrium, with full employment and stable prices. Suddenly the stock market prices increased much more than expected, increasing investors’ wealth and causing a short-term period of unusually increased optimism about the future of the economy. In the short run, will the AS curve or the AD curve shift, and in which direction will it shift? In the short run, what will happen to the price level and quantity of output (real GDP)? Explain what, if any, impact will there likely be on workers’ wages and the reasons for this impact. In the long run, which curve will shift due to the change in wages and price expectations created by the stock market boom? In which direction will it shift? When the economy returns to its long-term output level, how will the new long-run macroeconomic equilibrium differ from the original equilibrium?

When stock prices rise, the quantity supplied and aggregate demand curves change, leading to higher actual money stock at every market price. Interest rates are lowering, encouraging people to accumulate more real assets. Both curves are activated, causing the amount of equilibrium spending and income to grow. As a result,...

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The number of macroeconomic variables declines during recessions. One of these variables is the GDP. What other variables, besides real GDP, tend to decline during recessions? Given the definition of real GDP and its components, explain the declines in these economic variables which are to be expected. Empirical studies indicate that the long-run trend in real GDP of the USA has an upward trend. How are this possible, given business cycles and macroeconomic fluctuations? What factors explain the upward trend in spite of the cycles?

To add to the GDP, income, investments, labor, sales, and property acquisitions all decline during depressions. GDP is calculated using the manufacturing of, spending on, and income from the overall assets and services. As a result, every variable measuring output, spending, or income advances proportionally to the GDP. The general...

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Select a newspaper, magazine, or Internet article published in 2020-2021 that is related to international business ethics. Summarize the content of the article in your own words.

Based on the article, the ethical business conduct addressed is the conservation of the patent laws, in that technology-based companies should respect the artificial intelligence of the other company. According to the article, Samsung filed most of the cases in 2020 that concerned infringement of its Artificial Intelligence compared to...

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How did Collateralized Debt Obligation (CDO) put institutional investors, like pension funds, at risk of losing large amounts of money among their pension contributors?

CDO is a kind of derivative, a financial product that combines loans and other assets. It is collateralized as borrowers promise to repay the debt for loans. The assets included in the CDO have different degrees of risk, but due to the presence of highly-rated assets among them, the entire...

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Is it fair for IKEA to prescribe that its suppliers comply with global standards that are at variance with local market labor practices and conditions?

The IKEA Company is the largest furnishing vendor in the world with many branches worldwide. Ethics, corporate social responsibility, environmental sustainability, and strategy initiate business affairs in the company. Business morals are the application of ethical principles that are typical of the actions and decisions of marketing organizations and the...

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Discuss the purpose of 5 US customs bonds.

The purpose of so-called continuous bonds lies in compensating for the costs of repetitive shipments throughout a certain period, normally 12 months. Regarding one-time transactions, the Single Entry bond (SEB) covers these, which the broker issues with obtaining a release for shipment. A carrier that seeks to transport certain goods...

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Contrast eBay’s Original Business Model with Its Current Business Model.

Initially, eBay operated an online model of buying and selling through an auction. The model changed, and the company is running a fixed price model popularized by Amazon. The company used to sell used items through auction but now, due to the changed model, the company buys and sells new...

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What are the problems that eBay is currently facing? How is eBay trying to solve these problems? Are the solutions eBay is seeking to implement good solutions? Why or why not? Are there any other solutions that eBay should consider?

eBay experiences fraud where some buyers and sellers steal from the company or each other. eBay also faces competition from other online companies such as Amazon and Alibaba. Amazon owns 49% of the total share of U.S e-commerce, whereas eBay owns only 6.6% of the share from e-commerce. The competition...

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Give a broad definition of tourism and explain why people are motivated to travel.

Tourism refers to the type of human activity whose history begins long before the emergence of a civilized society. In every historical epoch, there are such elements of people’s activities that, one way or another, fall under the category of tourism. Tourism plays one of the main roles in the...

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How does social activism impact an organization’s image and reputation?

Social activism has a positive impact on an organization’s image and reputation by increasing the citizens’ awareness of their involvement in societal processes. The initiatives designed for addressing specific needs allow companies to be presented in a more positive light compared to their competitors. In the case of non-profit organizations,...

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How does the goodwill from corporate community efforts translate into revenue and profit?

The goodwill from corporate community efforts translates into revenue and profit in several ways. First, these initiatives allow young people to increase their awareness of different opportunities. Second, they help potential candidates develop their preferences in work in order to avoid disappointment in the future. Thus, the advantages of this...

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Please offer one support for, and one critique of “Transformational Leadership”.

Transformational leadership is associated with a leader’s ability to influence employees to transcend their interests by pursuing those that promote a common goal for all employees. One advantage of this leadership style is its potential to have a lasting impact on employees because it uses motivation and inspiration to boost...

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“The best predictor of future performance is past performance.” Discuss the view that an effective leader can only be identified through their previous actions.

I disagree with the view that history is the best predictor of leadership effectiveness. The statement is untrue because leadership can be learned and past actions can be improved. This view is consistent with the behavioral leadership approach, which suggests that leadership can be learned and developed to promote effectiveness....

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How can organizations use volunteers to grow their workforce while reducing costs?

The ways for organizations to use volunteers to grow their workforce while reducing costs differ depending on their nature. Thus, non-profit entities can efficiently achieve their goals while not spending money on campaigns attracting additional resources. In turn, profit companies can save on searching for appropriate candidates for potential employment....

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How do you reconcile the financial and operational benefits companies gain from offshoring with the perspective that offshoring is damaging to the country and potentially exploits international labor?

The financial and operational benefits stemming from the implemented offshoring in the context of damage and the potential exploitation of international labor can be reconciled via regular reports. The involved businesses should timely submit any emerging information concerning challenges in order to avoid problems in this respect. Therefore, in this...

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What are the greatest risks associated with offshoring? What are the greatest benefits?

Offshoring is an initiative, which is accompanied by specific benefits and drawbacks, and they should be examined when implementing it. Thus, the former is reflected by the reduction in costs of principal operations and better management of resources. In turn, the risks include the possibility of being incapable of finding...

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What types of jobs are best suited for offshoring? Be specific in your rationale.

The best suitable jobs for offshoring are those based on non-routine tasks, implying a high degree of flexibility. For example, computer programmers or data entry keyers are among the most popular options in this regard as they do not require continuous presence due to technological advances. In this way, any...

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Who are eBay’s top competitors online, and how will eBay’s strategy help it compete?

The top competitors of eBay are Alibaba, Walmart, Amazon, Rakuten, and Etsy. Strategies such as adopting alternative payment companies will help it attract clients who use other payment methods other than PayPal. It, therefore, controls the checkout process like how its competitors do; it will be able to charge sellers’...

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Describe the idea of Henry Clay’s “American System.”

First of all, it should be noted that this was a federal policy based on a market economy. Certain parts of the country produce certain goods that they sell to other regions. To a certain extent, Clay’s moderate-statist aspirations ran counter to the classical liberal concept of non-interference of the...

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Based on Clay’s economic vision of America, analyze how the American System would build the American market and economy.

Henry Clay made protectionist tariffs the central point of the economic program. The politician, who was the primary tool of English economic dominance, established the principle of free trade, which was considered the pinnacle of economic theory at the time. Only because England’s industry was unafraid of international competition was...

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Analyze the role of mechanization and communication in the American System.

The American system included so-called internal improvements, which were mainly reduced to the construction of communication routes (roads, canals) at the expense of the federal budget. The development of transport infrastructure was supposed to contribute to the formation of a single internal economic space. Thus, building a process of mechanization...

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Explain the importance of WTO’s role globally.

The World Trade Organization’s role globally is to ensure that global trade is conducted as freely and predictably as possible. WTO has eight core goals, and firstly, it seeks to eliminate or minimize the impact of obstacles to global trade. In other words, the organization works on removing trade barriers...

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Define a current problem in Mexico. What are the resulting socio-economic costs of the problem to the affected individuals?

Income inequality has significant socio-economic impacts on Mexican youths and vulnerable populations. High poverty and low productivity growth are Mexico’s key problems emanating from persistent income inequality. The productivity of youths and individuals in the lower-income groups in Mexico is at stake because of the poor allocation and redistribution of...

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Define a current problem in the selected country (Mexico). What global or local technologies are emerging that could be used to solve the problem?

Frontier technologies are a group of technologies that rely on digitalization and connectivity to boost productivity and improve livelihoods across the globe. These technologies provide a solution to income inequality by supporting initiatives that promote human development. One of these technologies is Alana, commonly used in Mexico’s job market as...

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Define a current problem in the selected country (Mexico). What are the costs associated with implementing the technology solution?

Successful adoption and implementation of technology are demanding and costly processes. According to Technology and Innovation Report, the implementation of technology solutions requires the deployment of an adequate policy framework. Technologies require mechanisms that facilitate their utilization in the right context. Alana’s inclusive and sustainable development requires deployment at a...

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Define a current problem in the selected country (Mexico). Apply the Hype Cycle and the 6 Ds of disruption model (also known as 6 Ds of exponential change) to the emerging technology.

The Hype Cycle is a suitable model for explaining the growth of exponential technologies. Alana experienced the Innovation Trigger stage in 2017, the year when it was founded. During this year, awareness about Alana was created by the media, and the public learned about the technology. Most early adopters developed...

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To what extent will this emerging technology foster sustainability practices in the economy in the selected country (Mexico)?

Increased access to Alana technology in Mexico has a huge impact on the reduction of the existing income disparities in the country. The technology will provide a wide range of employment opportunities in the retail and manufacturing sectors. Appropriate implementation of Alana under the appropriate policy framework will foster sustainability...

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Explain how an existing MNC in the selected country (Mexico) could solve the problem by implementation of the emerging technology while supporting sustainability practices.

Implementation of Alana in an existing multinational corporation like Alfa would create networks and economic opportunities for individuals experiencing economic inequality in the country. Alfa is a Mexican-based MNC operating in the conglomerate sector. Integration of Alana into Alfa’s technological frameworks opens up the job markets and enhances labor mobility....

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What could the government do to improve on the nation’s economy?

It is critical for every country to adhere to steady growth and improvement of the national economy. Often, measures to increase the economic situation of a country are measured by the gross domestic product. Despite a large number of different methods, there is still no single definite method. Some of...

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Please list and describe the various types of grants most commonly used in the public sector. Discuss some of the key elements that should be included in any grant application package.

The United States government has an extensive and well-developed system of financial support for its institutions and population. Grants are one of the many economic measures through which the state manifests its support in the public sector. The two most commonly used types are conditional and discretionary grants. The first...

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Discuss some of the major reasons for amending a budget. What methods are used to adjust budgets and do they all require formal involvement of the governing body? Lastly, what steps might a department take to stay within its budget if spending looks like it will exceed its authorized level?

Planning any budget is a complex process that requires one to operate many technical and humanitarian data effectively. Budget amendments are frequent things, and their primary causes are the desire to avoid deficit spending and the need to adjust to local and global socio-economic changes. Two techniques are mainly used...

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How and why should the capital improvement planning process complement the operating budget process?

The capital improvement planning process should complement the operating budget process because the expenditures influence such issues as the development of community and economy and environmental planning. Additionally, implementing a comprehensive land-use plan for a local jurisdiction can be more effectively achieved through capital improvement planning. The operating budget process...

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Explain the purpose of a capital improvement plan and how it is developed.

The main goals of a capital improvement plan are to establish projects on capital improvement, forecast sources for funding, provide a timeline for implementing specific improvements, and properly prioritize improvements according to the available funding. A capital improvement plan makes a connection between community goals and public spending priorities as...

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Which actors have a stake in deciding whether the oil sands are an ethical source of oil and why do you think they differ so much in their assessments?

Notably, environmental organizations and groups, such as the Sierra Club in the U.S., the Canadian NGO Environmental Defence, and Greenpeace, have a stake in deciding whether the oil sands are an ethical source of oil. The Sierra Club suggests that Canada’s oil sands produce the most toxic and unethical fossil...

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How would you go about conducting a utilitarian analysis of the oil sands for the purpose of deciding whether it is an ethical source of oil? Provide a provisional assessment based on the data in the case and outline what other data you would need to make a full assessment.

It is necessary to look at how the oil sands are regulated regarding human rights and democracy to conduct a practical analysis and decide whether they are an ethical source of oil. For instance, Canada’s oil sands are ethical compared to other countries, namely Venezuela, because Canada’s oil sands are...

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