what should a government do when economic goals come into conflict? if, for example, combating inflation...
Can the goal of maximizing the value of the company's stock conflict with other goals, such as avoiding unethical or illegal behavior? What about issues related to customer and employee safety, the environment and the overall good of society? Are these goals secondary to stock performance? Finally, discuss an example when you saw a business decision made that was good for increasing stock value (or the value of the business) but was not good for other goals the business had.
Can you help me come up with the positive economic statements This submission may be handwritten. Please print clearly. 1. Convert each of the normative statements from the handout to a positive economics statement. • Pollution is the most serious economic problem. • Unemployment is more harmful than inflation. The government should increase the minimum wage to $Y per hour to reduce poverty. The government is right to introduce a ban on smoking in public places.
Normative economic statements are economic policy goals. Equity goals are based on what happens--the fairness of outcomes. Efficiency arguments are based on how it happens--maximizing the social value of output. We will do equity arguments this week. A compelling normative argument usually contains some positive (factual) supportive statements. Consider these equity statements: Statement One: It is acceptable to use GDP to measure output but it should not be used as a measure of well-being since this is unfair to those...
1. If the economy is at full employment, increases in government spending: A) have a multiplier effect on equilibrium output. B) have no effect on the aggregate price level. C) are primarily absorbed by price increases. D) reduce aggregate output. 2. Which of the following measures is NOT an example of discretionary fiscal policy? A) The unemployment compensation program pays out more money as unemployment rates rise. B) Tax rates are increased in the hope of slowing down the rate...
When two of the health care principles conflict, which one is the most important and thus must be maintained? (In other words, which principle do you think should always be prioritized and why?)
Please answer these three short essay questions. -스 ESSAY OUESTIONS Full employment, keeping inflation under control, and economic growth are among the major macroeconomic goals of all societies. Why is economic growth a major macroeco- nomic goal? 1. 2. What is potential output and how is it related to the target rate of unemployment and the target level of capacity utilization? Which is greater: potential or actual output during a recession? During an economic boom? 3. What are some of...
) At what phase of the management process do you set goals? B) What are the differences between good goals and poor goals? C) What are the components of a good goal? D) Can you alter a goal? Why or why not? If yes, when should you alter a goal?
Give an Example for each word. Prevention Goals – is when a person attempts to avoid negative outcomes. Value diversity- is when members of a workgroup differ in terms of what they think the group’s real task, goal or mission should be
Printing money to meet government budget deficits helps combat inflation increases the demand for money increases the money supply in the economy increases real income Which of the following statements is true of international trade? It leads to an inefficient allocation of resources. It creates supply bottlenecks. It discourages workers from specializing in production. It allows people to choose occupations that suit their talents. International trade is driven by. comparative advantage in the consumption of goods and services absolute advantage...
In what way do tools that fight recessions and tools that fight inflation often conflict with one another?