Bear Stearns, which is an investment bank, liquidated two hedge funds on July 31. The hedge funds invested in risky securities with backing from subprime mortgage loans. On September 25, Washington Mutual Bank failed in its operations, which prompted the Federal regulators to close it down together with its branches.
The author states that the Chinese economy is characterized by intense air pollution. The World Bank indicates that 16 of 20 cities with the worst air pollution globally are in China. Air pollution costs the Chinese economy significant amounts of resources that are lost to labor and increased health care costs, thus resulting in a lower GDP.
These policies are fiscal policy and monetary policy (Rada and von Arnim, 2012). Fiscal policy encompasses using government spending, taxation and borrowing to influence the country’s economy, its growth, GDP and its employment
The price for goods and services will be higher when compared to the amount paid by their workplaces. Businesspersons may decide to hoard goods with the hope of getting better prices. It deprives consumers of
The advantage of poverty gap overhead count is that it expresses the depth of poverty in our society as compared to headcount. Poverty gap analyses income, which is mainly under-researched as a critical
Negative growth is when the economy is in recession and depression and vice versa and that is, the reason and features the article covers effectively. I suggest that an increase in economic growth is associated with improvement in the living standards of people.
Practically, the currently designed effort to regulate the fault in an economy in a recession would somehow leverage the slow, but, certain movement in aggregate demand (Baumol and Blinder, 589). Otherwise, the economy would get stuck in the crack and suffer prolong period of lower than potential GDP (Baumol and Blinder, 589).
The Middle East is in possession of more than 66 % of the global oil reserve and gains millions of dollars daily from exporting oil. It is the major source of economic, technological, as well as socio-cultural development. Iran is number four among the global producers of oil, and, besides, it is a huge exporter of petroleum.
Since her winning probability is 1, she cost 20 hours and the prize being 20hours, her payoff equates to zero. Yes, her payoff must fall. This is because the amount of time invested in training is greater than the prize that is given. When the probability is multiplied with the prize and then the cost subtracted from the result, the answer is negative.
The 2008 financial crisis affected many countries and disoriented the economic, social, and political operations of almost every nation. This paper will seek to outline the way in which the recent financial crisis of 2008 and subsequent recession has affected Greece. This will be realized by exploring Greece’s economic, political, and socioeconomic consequences as a case study country.
Labor productivity specifically refers to the goods and services produced by labor in a certain period. It basically measures the amount of real GDP produced by the labor within a specified amount of time. (Investopedia)
Reportedly, Michael Moore observed the lives of common American citizens and revealed the deceptive role played by capitalism for abolishing the dream of American people (IMDb, “Capitalism: A Love Story”). The essay is based on the themes of capitalism and the conceptions that have been described in the film.
The United Kingdom is the country that is widely used by other countries as reference point in External Price Referencing.
Most countries which use the External Price Referencing base it on statutory regulations or legislated rules. Some
The organization under the theory of strategic choice is a representative of decisions made by the management and decisions are greatly affected by the collective of mindset, culture and worldviews of the managers
Civil law is open to flexibility. This is because changing scenarios necessitate the dynamism in laws to address contemporary issues. This is unlike common law whose facts do not change as decisions are made from a distinct basis. Besides, in a common law proceeding, a trial is usually a unique hearing lasting for a comparatively short period.
Spiky world implies that people live in a world where discrimination or bias is the order of the day. What are the main differences between the International Monetary Fund and the World Bank? The IMF is a firm or organization of more than 180 countries working together to attain a world monetary cooperation.
People using Bitcoin do not rely on an intermediary, for example, a bank. One does not need to give his or her name while transacting and there are no transaction charges. Many merchants across the world
Environmental concern over the use of oil has led to the shift of attention to electric cars which are believed to be the solution to global warming resulting from the use of oil powered cars. A substitute for oil powered vehicles is believed to
The report also highlights the economic outlook and forecasts of Israel through the analysis of relevant economic parameters provided by OECD. It was found that though Israel’s economic growth slowed down in 2014, but it again picked up at the end of the year and has been experiencing positive growth since then due to substantial investments.
The company’s reaction, however, was mixed as initial reports were inaccurate, and misleadingly so, about the causes of the disaster, and therefore the responsibility for it, directly contradicting initial promises of a full investigation. The disaster occurred when “an ‘isom’ at Texas City was overfilled during start-up.”
The paper discusses thе protеction of intеrnational invеstmеnts in gеnеral in addition to morе dеtailеd еxplanation about placing thе forеign invеstmеnts in UzbеkistanIn ordеr to support thе idеa of forеign invеstmеnts to thе country, thе papеr providеs information about thе еvolution of law on intеrnational invеstmеnts in Uzbеkistan.
The author states that the monopolist should continue producing marginal units within a current output level. On the given data, it is still profitable to produce marginal units since the marginal revenue is higher than the marginal cost which is $2. Production capacity should be optimized in a number of units produced to increase total contribution margin.
Keynes was born and bred in the elite society, and as a result, he received the best education that could be.
The main contribution to economics that was developed by Keynes came with the publishing of his book, “The General Theory of Employment,
From the above discussion, it is quite clear that for any country to attain economic stability in the money supply as well as in the development of physical facilities; monetary and fiscal policies cannot be overlooked. In my opinion, governments must streamline the management of revenue collection authorities as a way of ensuring transparency and accountability in how the tax is collected and used.
The definition of the problems will support managers to make appropriate decisions. The second step is to determine the objectives. The objective mainly explains the goal of a firm. The aim of a firm is to
The two will see the formulation of financial policies in the region that will help deal with the issue of inflation and interest rates. This is bound to give the oil rich region more control over their economy and balance trade within
Additionally, those who fell between the ages of 15-64 years were economically productive in comparison with other age brackets. The research carried out in Buzǎu Subcarpathains that productivity levels had decreased by 8.6% from 1992 to
This was the work of an employee by the name Nick Leeson, who worked at Singapore offices. The businesses conducted by Leeson were not authorized, but he aimed at profiting from differences in the Nikkei 225 futures contracts
The theory of profit accounting for the profits being earned by the pharmacy in the first 3 years of operation is dynamic theory of profit. It operates with the assumption of a dynamic society that lacks changes in its business environment.
It's pointed out that one would like to identify the response of the company’s salespeople through the identification of variables. Moreover, this can be revised using a checklist where variables would be enumerated and checked according to the response of the salespeople to the unique experience of the respondents.
Privatization is a process in which government functions and responsibilities are transferred to private entities. The transfer can be either a complete one or it can be a part of a government function.
Privatization is not new to United
In the long run the price will first rise from P1 to P2 and then adjust itself due to entry of more firms to P3 which is lower despite the increment in the quantity of oil demanded; hence Nadler-Kafferlin will be right (Taylor et al, p 261).
The conclusion from this study states that it would be substantial if the country creates new ways of paying its debts and increasing its national income. According to the research findings, it can, therefore, be said that this would lead to economic growth that creates job opportunities and better spending.