falls by 1 percent. a)Calculate the cross price elasticity of demand. Exp = [(Q2a – Q1a)/ (Q2a + Q1a)] / [(P2b – P1b)/ (P2b + P1b)] = -1%/15% = - 0.07 b)Are the goods complements or substitutes? As Exp <0‚ these goods are complements. c)By how much would demand for backpacks have to rise for the goods
Premium Supply and demand
How does the political corruption affect the business environment in Russian Federation? ABSTRACT This paper aims to analyze and describe the influence and the scale of the corruption on business environment in Russia‚ and the consequences for the society. The paper will start by examining “The Collapse of The Soviet Union and The Rise of Russia” as the prerequisite for the escalation of the corruption among Government officials‚ the
Premium Capitalism Moscow Soviet Union
Legal Issue in Business: The Case of Enron [Name of the Writer] [Name of the Institution] Legal Issue in Business: The Case of Enron Introduction Business ethics is based on normative ethics ‚ standards that ethics are upheld and applied specific to distinguish what is right or wrong‚ that is to say what should be done or who should not be fact. However‚ with few exceptions‚ business ethicists are usually less interested in the foundations of ethics (meta-ethics) or by the principles
Premium Corporation Balance sheet Law
Ethical issues; meaning conforming to good morals‚ actions‚ or right principles of conduct‚ are problems that we encounter almost every day. Thinking about the word ethics brings to mind a controversial issue such as abortion‚ prejudice‚ or equalization of human rights. Goods ethics also means the simple things like telling the truth‚ avoiding cheating and manipulation of others‚ obeying the law‚ helping others‚ and doing what is morally right according to the standards set by our society. While
Premium Human rights Ethics Slavery
Ethical and Legal Dilemma in IT Nanette E. Armstrong Capella University TS5536 Ethical and Legal Considerations in Information Technology 17 March 2012 Ethical and Legal Dilemma in IT Based on the definition of cyberethics as given by Tavani‚ “the study of moral‚ legal‚ and social issues involving cybertechnology” (2010‚ pg. 3)‚ law is usually/always a part of cyberethics to one degree or another. Being right or wrong based on society’s value builds the fundamentals of ethics. Moral
Premium Universal Declaration of Human Rights Law Human rights
The United States economic environment consisted of many criteria between the years 1999-2003. One factor of influence on the economy was the unemployment rate of Americans. Personal income was another factor that played into the economy. Another economic factor was the price of oil. The last factor was that of the unimaginable War in Iraq. These factors all combined to impact the economic environment. Unemployment rates have always been atop Americans minds. Today more than ever‚ Americans
Premium Economics Unemployment Inflation
Addressing International Legal and Ethical Issues Simulation Summary LAW/421 Addressing International Legal and Ethical Issues Simulation Summary What are the issues involved in resolving legal disputes in international transactions? When the United States (U.S.) entering into an agreement with another country it is important that the U.S. Company confirms that the contract is legally enforceable. With international business transactions each country needs to be aware of any international
Free Law Contract Common law
discuss the renewal of the contract for supplying uniforms for their employees at the hotel. Joe has become good friends with Bill and his wife and have received many perks since the last signing of the contract‚ like being invited to go on their yacht‚ social events‚ and staying at the hotel which is very beautiful and has an excellent swimming pool with a waterfall that the kids absolutely love. Joe landed the last contract by pricing the uniforms very low and ended up being reprimanded by the management
Premium Ethics Duty Game theory
and through that we should recycle‚ be aware of deforestation‚ and diminish water use. One way of keeping the planet healthy is through recycling. We use countless resources every day without so much as a second thought to how the waste product effects our environment or how we might change it. Almost everything that is consumed can be recycled in some form or another whether it’s the fuel we use to run our lives or the containers we use to contain it. With every passing year new technologies to
Premium Recycling Pollution Waste
Ethical Issue: breech of being professional The intention of the code of ethics is to direct and help registered nurses practice ethically safe so no harm can be done to clients (New Zealand Nursing Organisation‚ 2010). Firstly this essay will describe an issue that was conflicting whilst on clinical placement. Secondly this essay will discuss the ethical principle of being professional which is defined in the code of ethics. Lastly this essay will discuss the importance of a nurse being professional
Premium Ethics