Week 6 Homework Solutions Question 3 Explain how built-in (or automatic) stabilizers work. What are the differences between proportional‚ progressive‚ and regressive tax systems as they relate to an economy’s built-in stability? Answer In a phrase‚ “net tax revenues vary directly with GDP.” When GDP is rising‚ so are tax collections‚ both income taxes and sales taxes. At the same time‚ government payouts—transfer payments such as unemployment compensation and welfare—are decreasing. Since net
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Week 1 Homework 2.3 The U.S government subsidizes flood insurance because those who want to buy it live in the flood plain and cannot get it at reasonable rates. What inefficiency does this create? This creates an inefficiency because the high deductibles insurance companies have. If the coverage for flood insurance is at a reasonable rate but the deductibles are high than the inefficiency would be people have a choice to not buy the insurance. If a persons intent is to lower their deductible the
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The Xerox Company makes copiers and ink. They help many businesses to be able to function and communicate. Xerox is a family business. The CEO’s brother and husband both work for the company. However the fact that Xerox is a family business has in no way affected the CEO’s ability to make business or personal decisions. The company’s best interest is always her top priority. The ability to keep her personal and business life separate is a unique characteristic that all successful management
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In the article “Conflicted Medical Journals and the Failure of Trust” the issue of pharmaceutical businesses and their research‚ and how it is presented is outlined. The article covers one of the largest controversies with business research conducted by GlaxoSmithKline (GSK) and how the results were skewed and then reported by many medical journals as fact‚ even though the research did not support what was reported. The study was GSK 329‚ which showed a particular drug to be effective in adolescents
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Role and Functions of Law Grace N. Lockhart LAW/421 July 31‚ 2012 Sherry Goodrum Role and Functions of Law In week one the objectives were to define the functions of law in society and to define the role of law in business. Law in society is the regulation of social behavior. Laws play an essential role in the success of society and businesses. Laws in which a society operates efficiently regulate most social behavior. Laws are an essential part of any successful society. This includes
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1) a) Implication 1 No monitoring or supervisions of the clocking in process. This means that employees can abuse the system as proven by the worker caught clocking in his colleagues. This means that employees are being paid for work they are not doing. This will increase the payroll expense as more hours will be needed to complete the same level of work. It could also push back targets‚ with the possibility that it could cause delays in Chuck Industries shipping out products to customers. It
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Cassandra Rollins HIS125: The West Week 2: Linda Rhoades-Swartz January 18‚ 2015 1. How did the western settlement‚ particularly in terms with railroad expansion and farming‚ lead to inevitable conflict with the Native Americans? Highlight at least one engagement in your answer. In 1862‚ the passing of the Homestead Act awarded 160 acres to settlers who engaged the land for at minimum five years. This indication to the making of above 300‚000 ranches built‚ and where ultimately two million
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University of Phoenix Material Definitions Define the following terms using your text or other resources. Cite all resources consistent with APA guidelines. Term Definition Resource you used Time value of money This refers to the principle that a dollar on hand today has more value than a dollar received sometime in the future. Keown‚ A. J.‚ Martin‚ J. D.‚ & Titman‚ S. (2014). Financial Management: Principles and Applications (12th ed.). : Pearson Education‚ Inc.. Efficient market Refers to
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Scenario: John is an 18-year-old freshman at New York University. John was the starting quarterback at his high school in a small town in Indiana. He enjoys playing sports and hanging out with friends. John has always been popular and done well in school and sports. Once he is comfortable in his surroundings he can be confident in what he is doing. Donnie is an 18-year-old freshman from Chicago attending Iowa State. Donnie spends most of his time playing his guitar and writing music. In high
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Food and beverage Operations are concerned with the provision of food and a variety of beverages within business. The various elements which comprise food and beverage operations can be summarized in the catering cycle. The main aim of food and beverage operations is to achieve customer satisfaction. In other words‚ to meet the customers’ need. Food and Beverage department of a hotel or motel is a large‚ complex department. Good food and beverage is where there is a match between the level of service
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