there are negative consequences since farmers have minimal incentives to work towards a modern competitive agricultural sector. Illegal drug trade has serious consequences for the Colombian economy , particularly in terms of the macro economy. Macroeconomics imbalances resulted from an overvalued peso and influx foreign exchange . the larg influx of foreign exchange resulted in phenomena known as 'Dutch Disease ' ( it is when the demand for an exported resources increase dramatically , resulting in
already incurred. Hence here the marginal cost is $7.50 26) State whether the following are microeconomic or macroeconomic policy issues: a. Should U.S. interest rate be lowered to decrease the amount of unemployment? macroeconomics b. Will the fact that more and more doctors are selling their practices to managed care networks increase the efficiency of medical providers? Macroeconomics c. Should the current federal income tax be
On June 16, 1933, President Franklin Delano Roosevelt announced a plan to help raise the United States out of the Great Depression. At the heart of this plan was the idea that wages must be set and fair. “No business which depends for existence on paying less than living wages to its workers has any right to continue in this country.”(Roosevelt) This plan became the Fair Labor Standards Act, which set the Federal Minimum wage. Minimum wage has increased, slowly, over the years, but has not kept up
spending, most often issued in the country's domestic currency. Federal government bonds in the United States include: the savings bond, Treasury bond, Treasury inflation-protected securities (TIPS), and others. In my opinion, there are three main reasons for this question. Firstly, before
1 Running head: HYPERINFLATION, ITS EFFECTS AND THE ROLE OF THE GOVERNMENT 15 HYPERINFLATION, ITS EFFECTS AND THE ROLE OF THE GOVERNMENT Hyperinflation, Its Effects and the Role of the Government Paige Stokes University of Houston- Downtown Abstract Hyperinflation is not a new phenomenon. In the past century many countries have experienced this phenomenon due to various reasons. Scholars explain that when hyperinflation occurs in a nation
Cons Andrew Berg, Eduardo Borensztein ©2000 International Monetary Fund December 2000 [Preface] [The Pros and Cons of Full Dollarization] [Questions About Pegs] [The Appeal of Dollarization] [The Risk Premium] [Seigniorage] [Stability] [Effect on Trade and Financial Links] [Exit Option] [Lender of Last Resort Function and Financial System Stability] [Conclusions] [Author Information] Preface The Economic Issues Series aims to make available to a broad readership of nonspecialists
Challenges The real has appreciated steadily since 2003. The entry of foreign capital in the Brazilian market is one of the main reasons for the steady appreciation of the Brazilian currency. Inflation expectations have risen, and, given the carryover from late 2010, year-on-year inflation has surpassed the ceiling of the official monetary target since June. The national development bank (BNDES) was created to resolve a market failure. This liquidity injection was helpful in avoiding
ANSWER KEY Chapter 1 Chapter 1–1 II.D. the accumulation of those economic products that are tangible, scarce, useful, and transferable 1. scarcity of resources, which results from society not III.A. the market having enough resources to produce all of the things people would like to have III.B. the markets in which productive resources are bought and sold 2. A need is a basic requirement for survival and III.C. in product markets IV.A. the amount of output
Study notes of Bodie, Kane & Marcus By Zhipeng Yan Investment Zvi Bodie, Alex Kane and Alan J. Marcus Chapter One: The Investment Environment ....................................................................... 2 Chapter Two: Financial Instruments................................................................................... 4 Chapter Three: How Securities Are Traded........................................................................ 8 Chapter Six: Risk and risk aversion...
Marketing Management, 14e (Kotler/Keller) Chapter 1 Defining Marketing for the 21st Century 1) Which of the following statements about marketing is true? A) It is of little importance when products are standardized. B) It can help create jobs in the economy by increasing demand for goods and services. C) It helps to build a loyal customer base but has no impact on a firm's intangible assets. D) It is more important for bigger organizations than smaller ones. E) It is seldom used by nonprofit