1. Replace the rule-of-thumb work methods with methods based on a scientific study 2. Scientifically select‚ train‚ and develop each worker rather than passively leaving them to train themselves 3. Cooperate with the workers to ensure that the scientifically developed methods are being followed 4. Divide work nearly equally between managers and workers‚ so that the managers apply scientific management principles to planning the work and the workers actually perform the task. 1. Replace the rule-of-thumb
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The article discusses China’s growth in these recent years. It forecasts that China’s growth is not sustainable; thus growth rate will cease next year because the country is operating at full potential‚ facing the risk of overcapacity. In addition‚ China now has to face the severest national debt in its history‚ which puts its economy in extremely vulnerable state. The author also argues that China should stop relying on strong fiscal policy‚ but to initiate an economic reform if it wants to keep
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This project will take a week. Your rough draft is due Tuesday of this week‚ and your final copy is due on Friday of this week. You MUST turn in your rough draft in order to receive credit for this project. It is completed in phases‚ and the schedule is imperative. 100 points Sandra Cisneros’ book The House on Mango Street raises a number of issues that merit further discussion. In this paper you are to choose a vignette and discuss an issue that is raised by the story. Then‚ relate the issue
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ECON 442 Assignment 3 (due Nov 4) Please write your answers in the space provided below. Use Figures where necessary to explain your answers. (50 Points) (8) A balance sheet for a central bank of is shown below Central Bank Balance Sheet Assets Liabilities Foreign assets 2‚000 Deposits held by private banks 1500 Domestic assets 3‚500 Currency in circulation 4‚000 The central bank of a country with a fixed exchange rate buys 500 worth of foreign bonds. What kind of external balance would be
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Greed Is Good In the quintessential movie Wall Street by Oliver Stone‚ a wealthy businessman character by the name of Gordon Gekko gives an iconic speech. “The point is‚ ladies and gentleman‚ that greed‚ for lack of a better word‚ is good. Greed is right‚ greed works. Greed clarifies‚ cuts through‚ and captures the essence of the evolutionary spirit. Greed‚ in all of its forms; greed for life‚ for money‚ for love‚ knowledge has marked the upward surge of mankind.” Gekko is trying to convey the message
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3.1 I would like to make the example as China economy in order to analyze how the structure of an economy has changed in the 21st century. To a variety of industries around the world is divided into three categories: primary industry‚ secondary industry and tertiary industry. Primary industry refers to the provision of production industries‚ including forestry‚ farming‚ aquaculture‚ animal husbandry and other natural objects as objects directly in the production sector. The second refers to industrial
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Microeconomics Homework Problem 1: C(Q) = 100 + 20Q + 15Q^2 + 10Q^3 a) Fixed Cost (doesn’t change depending on output produced) = 100 b) Variable Cost of producing Q = 10 units: 20*10 + 15*10^2 + 10*10^3 = 200 + 1‚500 + 10‚000 = 11‚700 c) Total Cost of producing Q = 10 units: C(10) = 100 + 20*10 + 15*10^2 + 10*10^3 = 11‚800 Alternatively‚ we have Total Costs of Producing Q=10 units = Fixed Costs + Variable Costs of producing Q = 10 units = 100 + 11‚700 = 11‚800 d)
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Question 1 1. Consumption spending is $4.5 billion‚ gross private domestic investment is $3 billion‚ and government expenditures are $2 billion. If GDP is $14 billion‚ which of the following could be true regarding exports and imports in the economy? Answer Exports are $6 billion‚ and imports are $8.5 billion. Exports are $15 billion‚ and imports are $10.5 billion. Exports are $4.5 billion‚ and imports are $2 billion. Exports are $9 billion‚ and imports are $6 billion. 10
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Seminar 2 Topics Covered: Heckscher-Ohlin Model Part I and II 1. This exercise uses the Heckscher-Ohlin model to predict the direction of trade. Consider the production of hand-made rugs and assembly line robots in Canada and India. Problem 1 Answer a) Which country would you expect to be relatively labor-abundant? Capital-abundant? Why? Labor-abundant: India. Capital-abundant: Canada b) Which industry would you expect to be relatively labor-intensive? Capital-intensive? Why? Handmade
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Identify an example through research of a business that has temporarily shut down operations in the short run. What led to this decision? Did the firm resume operations at a later date? Identify an example through research of a business that has temporarily shut down operations in the short run. What led to this decision? Did the firm resume operations at a later date? Identify an example through research of a business that has temporarily shut down operations in the short run. What led to this decision
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