Supply-side economics

China division can skip international division to report directly to headquarters, which make the division have strong autonomy with localization. Decentralization helps local managers of Haagen-Dazs China gain effective local knowledge making accurate and sensible decisions. Regarding the horizontal differentiation, since Haagen-Dazs focus on promotion of the product, which means its degree of diversification is relative low and with the fact that it calls for a high degree of local…

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A) positive; demand B) positive; supply C) negative; demand D) negative; supply Answer: B Ques Status: New Chapter 1 Why Study Money, Banking, and Financial Markets? 11 15) Evidence from the United States and other foreign countries indicates that A) there is a strong positive association between inflation and growth rate of money over long periods of time. B) there is little support for the assertion that ʺinflation is always and everywhere a monetary phenomenon.ʺ C) countries with…

the Roman Empire used the these routes to trade down the Red Sea. On the other side of the Indian Ocean Malay sailors used the waters to trade with the islands along Indonesia.Trade flourished from 1000 - 1500 for several reasons, the sudden rise of islam in the seventh century and the revival of China. The Abbasid Caliphate allowed a more centralized political system whereas the Chinese revival lead to a better economic system which ultimately means more money for trading and ship building.…

Since the economy started to pick up in the second half of 2009, the logistic sector has made an impressive comeback and also its long-term growth prospects remain good. Logistics is dependent on business with the manufacturing sector, and is benefiting from the recent significant increase in demand for shipping by industrial clients. According to DB Research, over the next ten years the logistic sector can expect to post nominal growth of around 4% per year. The World Bank’s biennial Logistics…

Road to Serfdom, Hayek seeks to convince the British people that socialism can lead their country to the end of Fascism, which is not a particular product of the wicked Germany. Without using mathematical economic model, Hayek consciously delineates the intuitive proceedings from ‘good economic plans’ to the ‘bad national socialism’ , and indicates the truth that Marxism had led to Fascism, which in all essentials, it is Fascism and National Socialism. Hayek believes that socialism, except the…

activists, and leaders of the many communities despise fracking due to the fact that it wastes natural, non-renewable resources and only establishes temporarily occupations. As a result, the article is a very controversial topic that has political economic and ecology as examples to further the…

The idea of selection, insufficiency and opportunity cost is what economics is composed of. If we have to give up one good in order to acquire another, then the good is scarce. However, we can only make choices if they are available to us and the price of any choice is the worth of the most ideal alternative that has to be foregone and in economic terms, it is the opportunity cost. Three examples of opportunity cost. Like everyone else, I continually find myself faced by the need to make…

participation, infrastructure, education, public health, and sound economic management to persons living within designated borders. State capacity in Latin America and the Caribbean region has collectively increased as a result the region overcoming a long history of civil war, corrupt authoritarian rule, and economic stagnation. The region is mostly characterized by developing countries that have benefited from democratization and economic liberalization. However, the region still remains…

wealth that should be going into their pockets. We have nothing to fear in confronting this problem because to quote paul Mason, “ But if we are bold enough to imagine that we can save the planet, we should also imagine saving ourselves from an economic system that does not…