Escalation of commitment occurs when managers stop supporting a poor decision.
What is escalation of commitment?Escalation of commitment refers to the tendency of people to invest more in a failing decision, project, or an idea in order to recover their investment, justify the decision, and avoid cognitive dissonance when confronted with the fact that the decision is not working out as intended.
How does escalation of commitment occur?Escalation of commitment occurs when decision-makers feel the need to justify their earlier decision and to avoid cognitive dissonance (mental stress or discomfort experienced by someone who holds two or more contradictory beliefs or values). Even when the decision is not working out, managers may continue to support it, invest more resources in it, and refuse to quit or change course.
How do managers display escalation of commitment?Managers display escalation of commitment when they continue to support a poor decision or project, even when the evidence suggests that it is not working out. They may also invest more resources, time, or effort in the project, hoping to turn it around. They may also deny or ignore the warning signs or feedback from others, or blame external factors for the failure of the project.
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calculating comparative advantage helps individuals, businesses, and companies decidecalculating comparative advantage helps individuals, businesses, and companies decidewhat consumers want.what to specialize in.what products are in demand.what the world needs more of.
Comparative advantage is the ability of a country, business, or individual to produce a particular good or service at a lower opportunity cost than other countries, businesses, or individuals.
Calculating comparative advantage helps individuals, businesses, and companies decide what to specialize in,.By identifying and understanding their comparative advantage, individuals, businesses, and companies can make informed decisions about what products or services to specialize in and focus on producing. This can lead to increased efficiency and productivity, which can ultimately lead to higher profits and economic growth.While understanding comparative advantage can also help in identifying what products are in demand and what consumers want, the main focus is on identifying where an individual, business, or company has a competitive advantage and can specialize to maximize their efficiency and productivity.
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carrie's brokerage suffered a data breach, and confidential client information was stolen off the network. carrie's client milan later discovered that someone had used his information to obtain several new credit cards. milan is a victim of .
Milan is a victim of identity theft after his confidential information was stolen in a data breach at Carrie's brokerage and used to obtain several new credit cards.
Milan has been the target of identity fraud as a consequence of the data breach at Carrie's brokerage. Because confidential client information was stolen from the network, an unauthorised individual gained access to Milan's personal information and used it to acquire credit cards.
Identity theft is a sort of cybercrime in which someone's confidential information is stolen and used fraudulently. It can cause substantial financial losses and harm to the victim's credit score, and it can take a long time and effort to fix.
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joan has decided to end her lease at storage 'r' us and move her things to the climate-controlled facility. the management at storage 'r' us has refused to refund joan's $35 security deposit. joan's contract provides that if she sweeps out her locker, and no damage is done, the deposit will be returned. joan has swept the locker and there is no damage in her unit. what suggestions can you give joan for resolving the dispute?
It is important for Joan to remain calm and professional when dealing with the dispute and to gather as much evidence and information as possible to support her claim.
In this situation, there are a few suggestions that Joan can consider for resolving the dispute and potentially getting her security deposit back from Storage 'R' Us.
Firstly, Joan can review her lease agreement to ensure that she is fully aware of the terms and conditions surrounding the security deposit. If the contract clearly states that the deposit will be returned if the locker is swept out and no damage is done, Joan can use this information as evidence in her favor when negotiating with the management.
Next, Joan can try to negotiate with the management of Storage 'R' Us to resolve the dispute. She can present her case in a calm and reasonable manner and provide evidence to support her claim that she has met the requirements for a refund of the security deposit.
If the management is unwilling to cooperate, she can consider escalating the issue to a higher level of management within the company.
If negotiating directly with the management does not yield results, Joan can file a complaint with a consumer protection agency or seek legal advice. She may also consider leaving a review or rating for the company on online platforms to warn other potential customers of her experience.
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the issue of college athlete compensation is discussed in the playing for dollars or degrees box. under current law, what entity controls this controversial issue?
The issue of college athlete compensation references, or other context. We are unsure of the contentious issue. But by doing some investigation, we can assist you with the following.
The issues or issues that tend to lead to such debates, if you're referring to the debate between formal science and pseudoscience, are the lack of proof cited by pseudoscientists to support their claims.
The only way to verify a phenomenon is through the scientific method, as genuine academics and scientists are aware. One, two, or three repetitions of the results are possible, and each time, the scientists had to validate the findings. Then, we can claim that something has been verified and supported by science on the other hand, pseudoscientists frequently fail. Colleges need to rethink how they pay their student athletes due to the commercialization of student athletes.
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changing a strategy to fit an existing culture a. is just as effective as changing a firm's culture to fit a new strategy. b. is always the best option. c. is usually less effective than changing a firm's culture to fit a new strategy. d. is usually more effective than changing a firm's culture to fit a new strategy. e. is never the right option.
Changing a strategy to fit an existing culture is usually more effective than changing a firm's culture to fit a new strategy (option D).
Organizational culture is the unwritten code of behavior that governs the conduct of organizational members. Organizational culture is characterized as the "personality" of an organization. It describes the principles, beliefs, values, norms, procedures, and customs that determine how work is performed within the organization.
There are two distinct kinds of organizational cultures: functional and dysfunctional. Functional culture is characterized by a cooperative, supportive, and enjoyable work environment, whereas dysfunctional culture is characterized by confrontation, stress, and burnout. One of the most important factors affecting an organization's culture is strategy.
Strategy is the procedure for identifying and achieving the organization's objectives. Culture, on the other hand, is the unwritten code of behavior that governs the conduct of organizational members. Organizational culture is seen as a vital component in achieving an organization's strategic goals.
Thus, the correct option is D.
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what has been the biggest enabler of innovation in logistics management during the past three decades
The biggest enabler of innovation in logistics management during the past three decades is technology. Technology has made a significant impact on the logistics management industry by improving efficiency, accuracy, and speed of operations.
Technology has provided a range of tools and systems that have transformed logistics management, enabling the industry to function effectively and efficiently. With advancements in technology, logistics managers can easily track their products' movement, optimize transportation routes, manage inventory, and warehouse systems, and automate complex processes.
Moreover, the rise of e-commerce has significantly transformed the logistics management industry, particularly the last-mile delivery. Customers expect quick and efficient delivery services, and technology has enabled logistics managers to meet these demands by using innovative delivery options such as drones, autonomous vehicles, and smart lockers.
In conclusion, technology has been the most significant enabler of innovation in logistics management during the past three decades. Its impact on the industry is undeniable, and it has transformed the way logistics managers operate their business.
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how does an increase in interest rates affect the opportunity cost of holding money and the repayment to creditors?
The interest rates affect the opportunity cost of holding money and the repayment to creditors by the opportunity cost of holding money will become greater.
The opportunity cost of present expenditure, calculated in terms of future consumption, is higher when interest rates are higher. Due to the fact that every dollar spent today would result in a greater loss of future consumption if it were invested at a higher interest rate, each dollar spent today would actually result in a smaller gain in future consumption. In contrast, the opportunity cost of future spending is smaller when compared to present consumption.
Opportunity costs are the possible advantages that a person, investor, or company forgoes while deciding between two options. Opportunity costs are by definition invisible, making it simple to ignore them. Making smarter decisions requires an understanding of the possible possibilities lost when a company or person choose one investment over another.
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demetrius is a graduate student in organizational communication. after much study, he's concluded that though there is a great deal of conflict in most organizations, the conflict is usually productive and leads to enhanced understanding and better decisions. which frame of reference to organizational study is demetrius adopting
Demetrius is adopting the "pluralist" frame of reference in organizational study.
Organizational communication is the study of how people within an organization communicate with one another, as well as how they communicate with individuals and groups outside the organization. It focuses on the exchange of information, ideas, and messages between individuals and groups within an organizational context.
Effective organizational communication is important for achieving organizational goals, building relationships, and facilitating collaboration and cooperation among employees.
Organizational study is the field of study that focuses on how organizations function and how they can be improved. It encompasses various disciplines, including management, psychology, sociology, economics, and communication, among others.
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beta company paid off $30000 of its accounts payable in cash. what would be the effects of this transaction equity net income cash flow
The payment of accounts payable in cash would result in a decrease in the company's assets and liabilities by $30,000, and a decrease in its cash balance by the same amount, and it would not have an impact on the equity or net income.
The beta company paid off $30000 of its accounts payable in cash.
The transaction of $30,000 of accounts payable in cash would have the following effects on the company's financial statements :
⇒ Equity: There would be no impact on equity, as equity represents the residual value of assets minus liabilities, and payment of accounts payable reduces both assets and liabilities by the same amount.
⇒ Net-Income: There would be no impact on net income, as this transaction does not affect revenues or expenses.
⇒ Cash-Flow: The payment of $30,000 in cash would reduce company's cash balance by $30,000. it would result in a decrease in company's cash flow.
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suppose that you have purchased a chf bond issued by nestle. the bond matures in 3 years, pays a fixed 2% coupon bond, and has a face value of chf 100m. that is the expected ytm in usd if the spot rate is chf 0.9/usd, f1 is chf 1.0/usd, f2 is chf 1.05/usd, f3 is chf 1.1/usd? please enter your answer as % -- e.g. if your answer is 2.34% type in 2.34.
The expected yield to maturity (YTM) in USD if the spot rate is CHF 0.9/USD, F1 is CHF 1.0/USD, F2 is CHF 1.05/USD, and F3 is CHF 1.1/USD is 0.00%.
Given that,a CHF bond issued by Nestl in 3 years, pays a fixed 2% coupon bond, and has a face value of CHF 100M.To determine the expected yield to maturity (YTM) in USD, we will apply the following formula;
YTM = (Coupon Payment + ((Face Value - Price)/Years to Maturity))/((Face Value + Price)/2)
where;
Coupon Payment = 2% of CHF 100
M = CHF 2,000,000Price = ?
Face Value = CHF 100M
Years to Maturity = 3 years we have;
Spot Rate = CHF 0.9/USD
We will compute the Forward Rate for Year 1 (F1), Year 2 (F2), and Year 3 (F3);
F1 = CHF 0.9/USD = 1/0.9 USD/CHF = 1.11
USD/CHFF2 = CHF 1.05/USD = 1/1.05
USD/CHF = 0.9524 USD/CHFF3 = CHF 1.1/USD = 1/1.1
USD/CHF = 0.9091 USD/CHF
Using the Forward Rates, we will calculate the Price of the Bond;
Price = (Coupon Payment / F1) + (Coupon Payment / (1+F2)^2) + ((Face Value + Coupon Payment) / (1+F3)^3)Price = (CHF 2,000,000 / 1.11) + (CHF 2,000,000 / (1+0.9524)^2) + ((CHF 100M + CHF 2,000,000) / (1+0.9091)^3)Price = CHF 62,764,698.49
The expected Yield to Maturity (YTM) in USD can now be calculated;
YTM = (Coupon Payment + ((Face Value - Price)/Years to Maturity))/((Face Value + Price)/2)
YTM = (CHF 2,000,000 + ((CHF 100M - CHF 62,764,698.49)/3))/((CHF 100M + CHF 62,764,698.49)/2)
YTM = 0.00%
Therefore, the expected Yield to Maturity (YTM) in USD if the spot rate is CHF 0.9/USD, F1 is CHF 1.0/USD, F2 is CHF 1.05/USD, and F3 is CHF 1.1/USD is 0.00%.
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according to the textbook, a hospital indemnity policy: multiple choice should be purchased at an early age. should be purchased only by older people. is almost always excellent buys. does not justify the premium cost. is meant for couples with two or three children.
According to the textbook, a hospital indemnity policy should be purchased at an early age.
Hospital indemnity insurance is a form of coverage that pays a predetermined amount of money for each day that you are admitted to the hospital. The money may be used for any purpose, not just medical expenses. The policy can be purchased as a supplement to your health insurance policy, which is meant to cover your medical expenses.The benefits of purchasing a hospital indemnity policy are numerous. One of the most important is that it can provide financial assistance when you or a loved one are hospitalized. A hospital indemnity policy can help you pay for the cost of treatment, including medical and non-medical expenses such as transportation, lodging, and meals. The policy can also provide a cash benefit that can be used to pay for the deductibles, co-payments, or other expenses associated with your health insurance plan.
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many county fairs charge an admission/entrace fee, plus make patrons pay for each ride/attraction separately. this is an example of: 1st degree price discrimination 3rd degree price discrimination bundling 2-part tariff
This is an example of a bundling pricing strategy. Bundling is a pricing strategy in which a company offers several products or services for sale as a single combined package.
In the case of county fairs, the admission/entrance fee and the separate charge for each ride/attraction are bundled together as a package deal for the patrons. By bundling these offerings, the county fairs may attract more customers who are looking for a complete entertainment experience, and they may also increase revenue by selling more rides/attractions to the same customers.
On the other hand, 1st degree price discrimination involves charging each customer a different price based on their willingness to pay, which is not the case in this scenario. 3rd degree price discrimination involves charging different prices to different groups of customers based on their price elasticity of demand, which is also not the case in this scenario. A 2-part tariff involves charging a fixed fee for a product or service, in addition to a per-unit charge, which is somewhat similar to this scenario but not an exact match.
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lincoln park co. has a bond outstanding with a coupon rate of 5.82 percent and semiannual payments. the yield to maturity is 6.9 percent and the bond matures in 24 years. what is the market price if the bond has a par value of $2,000?
Lincoln Park Co. has an outstanding bond with a 5.82 percent interest rate and semiannual installments. The bond has a 24 year maturity and a 6.9% yield to maturity. If the bond has a par value of $2,000, the market price is $58.1.
There is an outstanding bond from Lincoln Park Co. with semi-annual interest payments and a coupon rate of 5.82 percent. The bond matures in 24 years, and the yield to maturity is 6.9%.
The face value of a bond plus any yearly or semi-annual coupon payments due to bondholders by the debt's issuer is the bond's par value.
Discount rate = 6.9%
Interest = 2,000*5.82%*6/12 = 58.2
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you want to save money to meet three objectives. first, you would like to be able to retire 40 years from now with a retirement income of $33,500 per month for 20 years, with the first payment received 40 years and 1 month from now. second, you would like to purchase a cabin in mount richmore in 10 years at an estimated cost of $415,000. third, after you passes on at the end of the 20 years of withdrawals, you would like to leave an inheritance of $775,000 to your children. you can save $4,000 per month for the next 10 years. if you can earn an apr of 10 percent before you retire and an apr of 7 percent after you retire, how much will you have to save each month in years 11 through 40?
If you can earn an APR of 10 percent before you retire and an APR of 7 percent after you retire, then you have to save $6,900 each month in years 11 through 40
To begin, let's calculate how much money you will need to save to retire comfortably. You want to have a retirement income of $33,500 per month for 20 years, starting 40 years and 1 month from now.
To calculate the present value of this income stream, we need to use the present value formula and discount each cash flow by the appropriate APR.
Since you plan to earn an APR of 10% before you retire, we can use this rate as the discount rate. Using a financial calculator or spreadsheet, we find that the present value of this income stream is approximately $2.7 million.
Assuming an APR of 10%, we can use the future value formula to calculate the amount you will need to save. Plugging in the numbers, we find that you will need to save approximately $2.1 million to have enough to purchase the cabin in 10 years.
Assuming an APR of 7%, we can use the present value formula to calculate the amount you will need to save. Plugging in the numbers, we find that you will need to save approximately $366,000 to have enough to leave an inheritance of $775,000 at the end of the 20-year withdrawal period.
To do this, we can use the present value formula again, but this time we will solve for the monthly savings amount needed to reach the $2.7 million goal.
Assuming an APR of 7%, we find that you will need to save approximately $6,900 per month in years 11 through 40 to meet your retirement income goal.
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meaningful use is . a financial incentive program to encourage national use of ehr technology in order to improve client care. a financial incentive program to encourage national use of ehr technology in order to improve client care. a program for healthcare providers to earn money for using electronic documents in their practices. a program for healthcare providers to earn money for using electronic documents in their practices. when clients requests that healthcare providers implement ehr systems. when clients requests that healthcare providers implement ehr systems. a financial investment program used to help healthcare providers reduce practice costs
Meaningful use is a financial incentive program to encourage national use of EHR technology in order to improve client care. The answer is OPTION A .
In order to increase productivity, safety, and general quality of care, certified electronic health record or EHR software is used in offices, hospitals, clinics, and by other healthcare service providers. This practice is known as meaningful use.
Measure 1 demands that more than 60% of the medication orders written by eligible professionals (EP) during the EHR reporting time be recorded using CPOE. For the second metric, CPOE must have recorded more than 30% of the EPs' laboratory orders during the reporting time. When they adopt, implement, and effectively use certified EHR technology, certain Medicaid healthcare providers and hospitals that meet specific eligibility requirements are given incentive payments through the EHR Incentive Program. The answer is OPTION A .
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a product used to refinish wood surfaces contains a stripping agent, a primer, the wood stain, and a sealer. these are normally sold as a complete set containing all four products. if the company decided to sell each item individually, it would be an example of which pricing strategy?
If a company decides to sell each item individually instead of as a complete set, it would be an example of price unbundling or unbundled pricing strategy.
Price unbundling involves breaking down a product or service offering into individual components and selling them separately. This strategy allows customers to purchase only what they need, which can be more appealing than buying a complete package that includes items they may not want. However, it can also result in higher prices overall since customers must pay for each component separately. This pricing strategy can be used in various industries, including software, hospitality, and telecommunications.
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what negative impacts does the centralization of project resource planning hope to avoid? multiple select question.
The negative impacts does the centralization of project resource planning hope to avoid are:
Resource bottlenecks.Insufficient resource utilization.Overall schedule slippage.The practise of consolidating planning and decision-making tasks to one leader or place within an organisation is known as centralization. In a centralised organisation, the head office retains decision-making authority, and all subordinate offices follow orders from the main office. The executives and experts who make important decisions are headquartered in the corporate headquarters.
A centralised organisation benefits from having a distinct chain of command since everyone knows to whom to report. When junior workers have questions about the company, they know who to speak with.
Senior executives, on the other hand, have a defined strategy for giving power to workers who perform well in particular roles. The executives also feel more certain that there won't be any overlap in tasks when they assign them to mid-level managers and other staff members. When a company wants to act swiftly and uniformly, a clear line of authority is advantageous.
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Complete question:
What negative impacts does the centralization of project resource planning hope to avoid?
Resource bottlenecks.
Insufficient resource utilization.
Overall schedule slippage.
temporary investments a. are reported as current assets b. include cash equivalents c. do not include equity securities d. include cash used to expand current operations
The temporary investments are reported as current assets.
Investments refer to the act of putting money or resources into a financial asset or venture with the expectation of generating income or profit in the future. Investments can take much paperwork, including shares, bonds, actual estate, and mutual funds, among others. The primary goal of investing is to grow one's wealth over time, and this is typically achieved by investing in assets that are expected to appreciate or generate income.
Investors may also use different investment strategies and risk management techniques to maximize their returns while minimizing their exposure to risk. The investment landscape is constantly evolving, and investors must stay informed about economic trends, regulatory changes, and other factors that may impact the value of their investments.
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Complete Question:-
Temporary investments:
a. are reported as current assets
b. do not include equity securities
c. include cash equivalents
d. all of these choices are correct
a regional trade bloc prevents nations from trading with other nations within their geographic area. a. false b. true part 2 the shifting of trade from countries outside a regional trade bloc to nations within a bloc is known as a. trade deflection. b. trade diversion. c. a trade agreement. d. a voluntary import expansion.
The statement "a regional trade bloc prevents nations from trading with other nations within their geographic area" is false. Regional trade blocs are formed to facilitate and increase trade between member countries by reducing barriers to trade such as tariffs, quotas, and other trade restrictions.
They aim to create a free trade area within the region, which promotes the flow of goods and services between member countries. Trade diversion refers to the situation where trade that previously took place between a non-member country and a member country of a trade bloc is now diverted to another member country due to preferential treatment provided by the trade bloc to its members.
This can happen when a trade bloc imposes trade barriers (such as tariffs) on non-member countries, making it more expensive to trade with them compared to trading with member countries that do not face such barriers. This leads to a shift in trade patterns from non-member countries to member countries of the trade bloc, resulting in trade diversion. Trade deflection is not a commonly used term in international trade, but it can refer to the situation where trade is diverted through a third country that is not part of the trade bloc to avoid tariffs or other trade barriers.
A trade agreement is a legally binding agreement between two or more countries that aims to liberalize trade by reducing or eliminating barriers to trade in goods and services voluntary import expansion refers to a situation where a country voluntarily increases its imports of goods and services from another country. This can happen when a country seeks to diversify its sources of supply or when it faces a shortage of certain goods or services that can be obtained from another country.
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what public control property can be used to determine whether a control or one of its child controls currently has the input focus?
The public control property that can be used to determine whether a control or one of its child controls currently has the input focus is the "Focused" property.
The "Focused" property is a public control property that can be used to determine whether a control or one of its child controls currently has the input focus. It is a boolean value, and it returns true if the control has the input focus or false if it doesn't.When a control has the input focus, it means that it is the active control on the form, and all the keyboard input is being directed to it.
This property can be used to perform various actions on the control, depending on whether it has the input focus or not. For example, if a text box has the input focus, the "Focused" property will return true. This can be used to validate the user input, set a default value, or perform some other action.
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politicians may like moderate inflation in an election year since the: a decrease in aggregate demand serves to decrease output. b increase in aggregate demand serves to increase employment. c increase in aggregate supply serves to increase employment. d increase in aggregate demand serves to decrease output. e decrease in aggregate supply serves to decrease employment.
Politicians may like moderate inflation in an election year since the: An increase in aggregate demand serves to increase employment (option B).
Inflation is an increase in the overall cost of goods and services in an economy over time. As the cost of goods and services rises, the value of currency decreases. It's a reflection of the fact that too much money is chasing too few goods.
Inflation is influenced by a number of factors, including monetary policy, government regulations, and commodity prices. Inflation is generally measured using the Consumer Price Index (CPI), which compares the cost of a basket of goods and services over time.
A little inflation might persuade consumers to start spending more in anticipation of future price rises, driving up output and employment. Higher employment might encourage consumers to spend more money, resulting in more job openings.
Option B is the correct answer.
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the federal funds rate is the interest rate that group of answer choices banks charge one another for loans. banks charge the fed for loans. the fed charges banks for loans. the fed charges congress for loans.
The Federal Funds Rate is the interest rate that banks charge one another for loans. The option a is the correct answer.
The Federal Funds Rate is the interest rate that banks charge one another for loans. This rate is used by banks to balance their books and ensure that they have enough money on hand to meet their obligations.
The Federal Reserve sets the federal funds rate as part of its monetary policy.
By adjusting the federal funds rate, the Federal Reserve can influence the overall level of interest rates in the economy. If the Federal Reserve raises the federal funds rate, it will make it more expensive for banks to borrow money from one another.
This, in turn, will increase the interest rates that banks charge their customers for loans.
The Federal Reserve can also lower the federal funds rate if it wants to stimulate the economy.
When the Federal Reserve lowers the federal funds rate, it makes it cheaper for banks to borrow money from one another. This, in turn, will lower the interest rates that banks charge their customers for loans.
The correct answer is option a.
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Complete Question
The federal funds rate is the interest rate that group of answer choices
a. banks charge one another for loans.
b. banks charge the fed for loans.
c. the fed charges banks for loans.
d. the fed charges congress for loans.
if people buy more than has been produced, group of answer choices the economy is in equilibrium. aggregate expenditures are greater than aggregate production. there will be an increase in inventory. there will be a decrease in total output.
The Aggregate expenditure model relates the components of spending to the level of economic activity. It is option B.
If people buy more than has been produced, the aggregate expenditures are greater than aggregate production.
The aggregate expenditure model, also known as the Keynesian cross diagram, was created by British economist John Maynard Keynes. In the aggregate expenditures model, real GDP increases by an amount equal to the multiplier times the change in autonomous aggregate expenditures.
In the aggregate expenditure model, there is an aggregate expenditure curve that falls on a graph with the vertical axis, or x-axis, representing aggregate expenditures while the horizontal axis, or y-axis, represents the real GDP.
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which of the following group of economists disagrees with discretionary monetary policy in favor of a monetary rule that prescribes a slow increase in the money supply? a real business cycle economists. b classical economists c supply side economists d keynesians e monetarists
The group of economists that disagrees with discretionary monetary policy in favor of a monetary rule prescribing a slow increase in the money supply is e) Monetarists.
Monetarists, led by Milton Friedman, believe that the central bank should follow a fixed monetary rule, as they argue that discretionary monetary policy can lead to economic instability and inflation.The reasoning behind the monetarist view is that a stable growth rate of the money supply is crucial for maintaining economic stability. They believe that when central banks engage in discretionary monetary policy, it often results in boom and bust cycles due to the difficulty in accurately predicting and controlling the economy.
In contrast, other groups of economists have different views on monetary policy. For example:Real business cycle economists focus on productivity shocks and technology changes as the primary drivers of economic fluctuations, and they generally downplay the importance of monetary policy. Classical economists believe in the self-correcting nature of the market, and they typically emphasize the role of fiscal policy over monetary policy.
Supply-side economists prioritize policies that incentivize production and reduce barriers to economic growth, such as lowering taxes and reducing regulation.Keynesians advocate for active government intervention through fiscal and monetary policies during economic downturns to stabilize the economy and promote growth.In summary, it is the monetarists who support a monetary rule prescribing a slow increase in the money supply, as opposed to discretionary monetary policy. Therefore option E is correct.
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the table below gives information on demand for a certain product. use the information to answer the following questions. buyer willingness to pay amy $20 steve $11 bill $18 layton $26 the price of the good is $17. who will buy the good? the price of the good is $17. find the consumer surplus? the table below gives information on the cost to produce a certain product. use the information to answer the following questions. producer marginal cost to produce w $20 x $11 y $18 z $26 the price of the good is $19. who will produce the good? the price of the good is $19. find the producer surplus?
Layton's consumer surplus is $9, which is the difference between his willingness to pay ($26) and the price of the good ($17). X's producer surplus is $8, which is the difference between the price of the good ($19) and the marginal cost of production ($11).
For the buyers, the highest willingness to pay is $26, and since the price of the good is $17, Layton will buy the good. The consumer surplus can be calculated by subtracting the price of the good from Layton's willingness to pay, which is $26 - $17 = $9.
For the producers, the lowest marginal cost of production is $11, and since the price of the good is $19, X will produce the good. The producer surplus can be calculated by subtracting the marginal cost of production from the price of the good, which is $19 - $11 = $8.
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The complete question is :
The table below provides information on the willingness to pay of buyers for a certain product. Amy is willing to pay $20, Steve is willing to pay $11, Bill is willing to pay $18, and Layton is willing to pay $26. The price of the good is set at $17. Who among the buyers will buy the good? Also, calculate the consumer surplus at this price.
Buyer willingness to pay:
Buyer Willingness to Pay
Amy $20
Steve $11
Bill $18
Layton $26
The table below provides information on the marginal cost of production for a certain product. The marginal cost of producing the product by producers W, X, Y, and Z is $20, $11, $18, and $26, respectively. If the price of the good is set at $19, who among the producers will produce the good? Also, calculate the producer surplus at this price.
Producer marginal cost:
Producer Marginal Cost
W $20
X $11
Y $18
Z $26
the table illustrates the multiplier process resulting from an autonomous increase in investment by $5. the change in income in round two will be
The multiplier process that results from a $5 autonomous increase in investment is shown in the table. In round two, the income will have changed by 3.75. Option 3 is Correct.
A permanent change in hours worked or salary, any adjustment to the amount of unearned income, or the start or stop of any revenue is considered a change in income.
Economics defines the income effect as a change in the consumer's purchasing power as a result of changes in the price of the good. As long as other conditions stay the same, consumers are more likely to purchase more products and services if their income increases.
change in income = increase in investment - assumed increase in investment
change in income = 5 - 1.25
change in income = 3.75. ( Option 3 is correct).
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Correct Question:
The table illustrates the multiplier process resulting from an autonomous increase in investment by $5. The change in income in round two will be:
1. $4.00.
2. $0.94.
3. $3.75.
4. $2.81.
The following are Margin Cos production costs for December Direct Materials $ 107,000 Direct Labor 97,000
Factory Overhead 3,000 What amount of costs should be traced to specific products in the production process? (CPA adapted) Multiple Choice -$207.000 -$97.000.
- $204,000
The amount of costs that should be traced to specific products in the production process is $204,000.
This amount includes direct materials ($107,000) and direct labor ($97,000). Factory overhead is not typically traced to specific products as it is an indirect cost that cannot be easily allocated to a specific product. Factory overhead costs are allocated to the products based on an allocation base, such as machine hours or direct labor hours. In this case, the total costs that should be traced to specific products in the production process is $204,000.
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which of the following is an example of human capital? question 9 options: the comfortable chair in your dorm room where you read economics texts the amount you get paid each week to work at the library the things you have learned this semester any capital goods that require a human to be present to operate
The things you have learned this semester are an example of human capital.
What is human capital?Human capital refers to the sum of a person's knowledge, skills, competencies, and other productive characteristics that can aid in economic development. Human capital refers to the knowledge, competencies, and abilities that individuals possess, as well as their ability to utilize them in the economy's workforce.
It also refers to the total education, training, experience, and ability of a population, allowing it to generate economic value.
What is an example of human capital?The things you have learned this semester are an example of human capital. You learn and develop new skills and knowledge through education, training, and experience, all of which are examples of human capital development.
Human capital is necessary for a country's long-term economic growth and competitiveness, as it encourages the development of high-quality goods and services that require a high level of skill and expertise.
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you purchase a ticket to a baseball game that you value at $40. you pay $35 for the ticket. unfortunately you lose the ticket. what is the maximum you would be willing to pay for a new ticket if the value of seeing the baseball game remains the same?
If you lose the baseball game ticket which was valued at $40 and you paid $35 for it, the maximum you would be willing to pay for a new ticket if the value of seeing the baseball game remains the same is $40.
It is reasonable to assume that the person who lost the ticket values the game at $40. That is what the ticket is worth, but he purchased it for $35. It is unlikely that he would be willing to pay more than $40 for a new ticket. As a result, the maximum he would be willing to pay is $40, since that is what the game is worth to him.
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airlines offering low prices for tickets booked months in advance, with those ticket prices being higher closer to the travel date is an example of
An example of price discrimination based on time or temporal price discrimination is when airlines offer low pricing for tickets purchased months in advance, with those tickets' prices increasing closer to the departure date.
In accordance with the customer's desire to pay, this method entails setting different pricing for the same product at various points in time. Airlines can guarantee that their planes are loaded with people and make money even during off-peak travel times by offering cheaper pricing for clients who are ready to commit to travel arrangements well in advance.
Customers who book closer to the departure date, when demand for seats is probably to be stronger, can, in the meantime, pay a higher price. Airlines can maximize revenue and maximize capacity utilization using this tactic.
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