………………………………………………………………………………2 2.1 The Principal-Agent-Theory 2 2.2 Application of Principal-Agent logics to Bureaucracies 3 2.3 Hypotheses 4 2.3.1 Efficiency 4 2.3.2 Depoliticization 5 2.3.3 Shifting responsibilities 6 2.3.4 Decreased likelihood of policy adoption 6 2.3.3 Control variables 6 3. Methods and data 7 3.1 Data 7 3.2. Operationalization of dependent variable 7 3.3 Operationalization of independent and control variables 8 3.4 Method 8 4. Analysis and results 9 4.1
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flexible 3. there is no need of fiscal or monitary policy 4. the invisible hand make the economy self correctable 5. so the Aggregate supply curve is Vertical according to classicals so any rise inaggregate demand will increase prices not production Keynesian follow the basic assumptions that 1. economy may not be in full employment in short run 2. wage are rigid and prices are sticky (menu cost etc) 3. fiscal as well as monitory policy my be needed to correct the disequilibrium or improve
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7. An investor is evaluating the use of the bottom-up approach and the top-down approach to fundamental analysis. The investor wants to use the approach that will best enable them to structure a diversified share portfolio that will achieve specified income returns and capital gains. Which approach do you recommend the investor adopt? We can use bottom-up approach to make a comparison of the performance indicators with other similar firms in the same industry and thus mixes a wide variety of investments
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Introduction Top glove is the largest rubber glove manufacturer in Malaysia. Its inception in Malaysia was at 1991 and it has the history of 19 years. Top glove produce many types gloves‚ apron‚ and some rubber product (Top Glove‚ 2010) (Appendix A). In January 2010‚ production of natural rubber rose 12.3 % compared to December 2009. It increased of 48.4 % in yearly basis which about 35‚524 tons of natural rubbers. In imports‚ natural rubber was 73‚216 tons and decrease 10.8 %. The main import
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As the chief diplomat of the United States‚ the president is the dominant force in foreign policy making. The explicit powers of the president that are granted by the Constitution – “chief executive‚ head of state‚ Commander in Chief of the Army and Navy” – are all associated with foreign affairs and policy making in different degree (330). The president has the highest power in this nation compared to any other individual citizen. While Congress does play a rather significant role and does use its
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Janize Frausto Dr. Shawn Hellman WRT 102 CRN 21683 25 February 2013 Relating to Depression The song “Top of the World” spoke to me in different ways‚ but all connecting to one idea‚ Depression. Depression is a pervasive part of life in America. So pervasive‚ that its presence can be observed in popular art and culture. Obvious sadness is often portrayed in America following watershed moments in United States history‚ like the abolition of slavery and the Great Depression. For example‚ symptoms
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“The fragile relationship between the sexes is a dominant theme of the modern literature”. Evaluate this opinion by comparing and contrasting how relationships between the sexes are presented in the top girls and Hullabaloo in the Guava Orchard. Set at the time it was written‚ the early 1980’s‚ Top Girls is mainly concerned with two political agendas: feminism and socialism. It may seem surprising to us today that just over thirty years ago the Equal Pay Act and the Sex Discrimination Act came
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Top Girls by Carly Churchill Marlene: is known as many things throughout this play. She is independent and high in confidence. She is well regarded by her colleagues‚ has also tried to better herself both socially and as a woman. She is a woman‚ who wants everything to be about her‚ and want everyone around her to have the same outlook as her. Isabella: The daughter of a Church of England clergyman‚ she moved to live in Scotland. She tried to please her father by conforming the ‘role’ of clergyman’s
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Film Review: Woman on Top The film Woman on Top‚ staring Penelope Cruz‚ is a romantic comedy that’s entire plot is built around food. From the start of the film‚ to the climax‚ to the end‚ food plays a major roll in every characters life. The film reinforces societies idea that food has turned into entertainment‚ and it is also become sexualized. There are many articles published as well that concede with societies idea of food today revealed in the movie. The idea as food used only for consumption
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Policy Making in the Federal System Stephanie Stratton POL 201 5/11/15 Jamie Weitl The topics of health care and health care reform are two of the most highly debated topics in society today. The Obama Care Plan is at the center of the health care crisis. Obama Care is aimed at reinforcing the American system of health care. The main focus of Obama Care is to regulate the industry of health insurance and also reduce spending. Obama Care was signed into law on March 23‚ 2010. The primary
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