ECO 365 - Week 2 Discussion Question Answers DQ 1: Why is the demand of labor a derived demand? Explain the shape of the supply of labor curve. What is the relationship between productivity and the wages earned by an employee? What are some factors that determine the level of your income? The concept of derived demand occurs when the demand of product exists due to demand of another product. In this case‚ demand of a labor is a form of derived demand‚ because the amount of labor hired will
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In this paperwork of ECO 204 Week 1 Quiz you will find the answers on the next questions: 1. For perfectly price inelastic supply supply determines price solely. demand determines price solely. only a government can set the price. either supply or demand may set the price. 2. For Matthew‚ the marginal utility of the 9th soda in a day is positive and the marginal utility of the 10th soda in a day is zero. This implies that Matthew’s demand curve for sodas per day will
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This work of ECO 316 Week 1 Chapter 1 Introducing Money and the Financial System consists of: 1.1 Multiple Choices 1) All of the following were events in the financial world in the early 2000s EXCEPT 2) The financial system is primarily a means by which 3) Which of the following is NOT a financial instrument? 4) If you buy a bond issued by Intel‚ the bond is a(n): 5) Why would a saver with $10‚000 be more likely to put it into a bank account than to lend it directly to
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International Trade and Finance Speech International Trade and Finance Speech The current state of the U.S. macro economy is made up of a plethora of highly involved processes. I am going to attempt to explain some simple terms and concepts focused on international trade and foreign exchange rates. Foreign Exchange Rates One needs to have a base level understanding of what defines an exchange rate. According to Investopedia‚ a foreign exchange rate is “The price of one country’s currency
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I found your Discussion Board Forum 4 post quite interesting. I didn’t agree with the post in its entirety. Opening a new business is hard work. Anyone looking into opening a business should thoroughly do their research. Betty has done some great ground work by researching a few franchises. The franchise concept is a great option for someone new to the business world. The franchisor usually continues to support the operation of the franchisee ’s business by providing advertising‚ accounting‚ training
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The current state of the US macroeconomy is not as strong as it has been in the past. The cost of living is high‚ imports are high‚ and the overall economy is suffering. Businesses are suffering because it is cheaper to import goods than it is to produce them in the US. With this in effect‚ the GDP is suffering as well. Even with the tariffs and quotas that the government has put on these items coming into the country‚ it is still cheaper to purchase from overseas. The macroeconomy of the US is suffering
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The Business Cycle The long-run trend of the U.S. economy is one of economic growth. But growth has been interrupted by periods of economic instability usually associated with business cycles. Business cycles are alternating rises and declines in the level of economic activity‚ sometime over several years. Individual cycles (one “up” followed by one “down”) vary substantially in duration and intensity. Origin of the Idea O 26.1 Business cycles Phases of the Business Cycle Figure
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Week 2 Assignment Topic | Answer | What factor caused movement along the supply curve in the simulation? | By decreasing the availability of the units to 28%‚ there was a surplus of 550 units available. | Please include the graph of a movement along the supply curve. Refer to our textbook please. | | What factor caused shift of the supply curve in the simulation? | The higher the price of the rental unit‚ the more the supply increased. This caused a movement along the supply line to curve
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Applying Leadership Principles Discussion 4: Effective methods for leadership planning and goal setting: Effective leadership can be defined in many ways‚ and I believe it all varies on the job itself and the requirements that job would process. An efficient leader encompasses the exemplary ability to multi-task as well as guide the group with focus and direction. The leader must be able to set examples and more importantly‚ goals for the group as well as each individual and have a clear-cut plan
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Week Four Summary Regina Haney RN‚ BSN HCS 588 December 22‚ 2014 Ben Rosenthal Week Four Summary This week with the team and provide feedback regarding our quality improvement (QI) plan. Developing a quality improvement plan has helped me understand the process better. This week’s look at benchmarking‚ performance improvement versus performance measures‚ the video‚ and teamwork had an impact on me. Ideas‚ Reading‚ Discussions that stood out I really liked the information on benchmarking. In
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