Economic Anwers Essays - 796 Words

Sarah Grumbine AP Economics July 26, 2013 What’s to Love about Economics? 1. Law enforcement agencies seek for lawbreakers to create problems in which they are fined for crimes they have committed. They want this to happen in order to create fines for these criminals in order for the agencies to make a certain amount of revenue from the fines that the lawbreakers pay as a consequence of their actions. Some laws that law enforcement agencies set up in order to create this type of revenue off of lawbreakers include speeding tickets. The action of speeding can cause more good than harm because of the amount of revenue that speeding tickets can produce, compared to the amount of speeding related automobile accidents that people who†¦show more content†¦I carry out activities until the marginal costs equal the marginal benefit by paying for dance classes. I take dance classes that are beneficial to me and are at the skill level I’m at. Once a class is no longer challenging me to be a better dancer, it is time to move onto a higher level. 3. In the event of an impending snow storm, ticket sales for any event would plummet because of the fact that people would not want to risk going out into the storm just to see a show. Other changes that could influence ticket sales would be other activities in the city that day, the time the show starts, and the price of the tickets. Assumptions about the ticket sales that could be made would be that the tickets would be sold in higher numbers because whole families would be going to the show. 4. I believe that it is rational for some people to end their formal education with a high school degree, some to finish with a college degree, and some to obtain graduate degrees. Being able to pay tuition is one reason why people may not go to college, but there are many there reasons as well including family reasons and personal situations. Some people may not want to leave their families and attend college. Others might have a spouse that is in a financially stable situation where it is not important for them to work. These reasons lead peopleShow MoreRelatedMartins Textile782 Words   |  4 Pagesto his companys longtime employees, is this. NAFTA will remove all tariffs on the trade of textiles between the U.S., Canada, and Mexico within 10 years. Textiles manufacturing is a low-skilled, labor-intensive business. As a result, the simple economics of the industry suggests that the under the auspices of NAFTA, the majority of textile manufacturing in the U.S. will move to Mexi co, where wage rates are considerably lower than in the U.S. When he first realized the full implications of the NAFTARead MoreThe Impact Of Ifrs Adoption On Accounting Quality And Its Implication Essay1105 Words   |  5 Pagesbases results in more accurate reflection of underlying economics. On the other hand, Barth et al also reasons why IFRS can lead to a poorer accounting quality. They argued that IFRS is an intrinsically incomplete reporting guidance that permits managers to distort their accounting information. In addition, they believe that IFRS, while reducing the accounting alternatives, may eliminate reporting methods that precisely explain underlying economics. Having said that , it is unclear whether IFRS adoptionRead MoreAfghanistan Is A Developing Country1468 Words   |  6 Pagesforeign assistance to create opportunities for the citizens; they produced some cottage and luxurious industries so that they can start their business, they balanced their trading efforts and they use that money to pay international loans (Rashid, Anwer, Toree, 2014). According to the assessment done by the authentic resources of United States, the country has donated more than forty two billion as a token of assistance to numerous unprivileged states. They donated wholeheartedly without consideringRead MoreThe Effect of War and Peace on Foreign Aid Essay1520 Words   |  7 Pagescountry utilized foreign assistance to create opportunities for the citizens. Afghanistan produced some cottage and luxurious industries so they can start businesses, as they balanced their trading efforts to pay back the international loans (Rashid, Anwer, Toree, 2014). According to an assessment done by authenticating resources for the United States, the country has donated more than forty-two billion dollars as a token of assistance to numerous unprivileged states. They donated wholeheartedly withoutRead MoreBerkshire Hathaways Pacificorp Aqusitcion Essay1537 Words   |  7 Pagesquestions we may have on PacifiCorp is about the EBITDA and the NI comparing the value o f them. 3. Assess the bid for PacifiCorp. How does it compare with the firm’s intrinsic value? Perform a discounted cash-flow (DCF) analysis of PacifiCorp. Anwer :- If you use CAPM for the simple DCF analysis: Return = rf +B (rm-rt) rf=5.762  Ã‚  Ã‚     Ã‚  Ã‚   Return =5.762+.75(10.5-5.762) B=.75  Ã‚  Ã‚     Ã‚  Ã‚     Ã‚  Ã‚   =9.32%=Discount rate rm=10.5 $5.1/(1+.0932)=$4.76 (it is in range of the rest of the comparable firms) Read MoreYemens Water Crisis and the Pending Destabilization1671 Words   |  7 Pagesand the Pending Destabilization The country of Yemen is on the verge of imploding due to a water crisis. When the water runs out Yemen will destabilize and with it the entire Horn of Africa (HOA). The United States has many ongoing militaristic, economic, and diplomatic interests in the HOA. In order for the Horn of Africa to remain stable the United States needs to take a different approach with its humanitarian efforts in Yemen, utilizing the full support of the military. If delivery and implementationRead MorePerception and Individual Decision-Making1619 Words   |  7 Pagesbiases/errors In many instances, shortcuts are helpful; however, they can lead to severe distortions of rationality (BIASES) OVERCONFIDENCE bias: the tendency to be far too optimistic when we are given factual questions by judging that our anwers are correct. ANCHORING bias: a tendency to fixate on initial information, from which one then fails to adequately adjust for subsequent information. CONFIRMATION bias: the tendency to seek out information that reaffirms past choices and discountRead MoreNovo Nordisk Case Study: Mexican Experience from a Danish Firm: â€Å"Changing† Mexican Culture1666 Words   |  7 Pageshome country. Novo Nordisk a Danish practices which started operations in Mexico in 2004, it is an interesting case that provides a clear example about how to get that ideal equilibrium between standardization and localization. ii. Questions and anwers 1. Given the Mexican and Danish business cultures, what are the most important HRM challenges faced by Novo Nordisk Mexico? What does the company need to do to succeed? Novo Nordisk faces a pretty different cultural context between the Mexico andRead MoreNovo Nordisk Case Study: Mexican Experience from a Danish Firm: â€Å"Changing† Mexican Culture1666 Words   |  7 Pageshome country. Novo Nordisk a Danish practices which started operations in Mexico in 2004, it is an interesting case that provides a clear example about how to get that ideal equilibrium between standardization and localization. ii. Questions and anwers 1. Given the Mexican and Danish business cultures, what are the most important HRM challenges faced by Novo Nordisk Mexico? What does the company need to do to succeed? Novo Nordisk faces a pretty different cultural context between the Mexico andRead MoreThe Effect of Exports on Gdp Growth in Pakistan2300 Words   |  10 Pagesincrease in exports has a significant effect on the economic growth of Pakistan in the previous two decades. This paper uses cointegration to check the causal relationship between export growth and economic growth in Pakistan. Granger Causality test shows that there is uni-directional causality between exports and economics growth in which running from exports to economic growth, it shows that there is long term relationship between exports and the economic growth. ADF and DF test are use to check the stationarity