...Principles of Macroeconomics, 9e - TB1 (Case/Fair/Oster) Chapter 9 The Government and Fiscal Policy 9.1 Government in the Economy 1 Multiple Choice 1) Fiscal policy refers to A) the techniques used by a business firm to reduce its tax liability. B) the behavior of the nation's central bank, the Federal Reserve, regarding the nation's money supply. C) the spending and taxing policies used by the government to influence the economy. D) the government's ability to regulate a firm's behavior in the financial markets. Answer: C Diff: 1 Topic: Government in the Economy Skill: Definition 2) Which of the following is NOT a category of fiscal policy? A) government policies regarding the purchase of goods and services B) government policies regarding taxation C) government policies regarding money supply in the economy D) government policies regarding transfer payments and welfare benefits Answer: C Diff: 1 Topic: Government in the Economy Skill: Conceptual AACSB: Reflective Thinking 3) What determines tax revenues? A) the income tax rate B) the rate of interest C) the money supply in the economy D) the rate of inflation Answer: A Diff: 2 Topic: Government in the Economy Skill: Conceptual AACSB: Reflective Thinking 4) Which of the following is INCORRECT regarding tax revenues? A)...
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...Econ 301B Winter 2012 Problem Set 1 Due date: Monday, January 23 in class 1. Suppose the country of Utopia has a population of 1,000 and produces only three goods: T-shirts, cars and pineapples. Assume that Utopia does not trade with other countries. The production amounts and prices (in US Dollars) for 2009, 2010 and 2011 are given in the table below: Year 2009 2010 2011 Quantity of Tshirts 10,000 9,500 10,500 Price of Tshirts Quantity of cars Price of cars Quantity of pineapples Price of pineapples $10 $10.50 $11 75 85 90 $15,000 $16,000 $15,500 50,000 60,000 45,000 $4 $4.50 $5 a) Using 2009 as base year, calculate nominal and real GDP per capita for 2009, 2010 and 2011. b) Keeping 2009 as base year for prices, compute Utopia’s inflation rates for 2010 and 2011 using both the CPI and the GDP deflator. When calculating the CPI, assume that the representative consumer purchases in any given year 10 T -shirts, 1 car and 100 pineapples. c) Explain why the computed inflation rates are not the same when u sing the two different methods. 2. For this question assume that we are within the short -run goods market framework developed in Chapter 3 in Blanchard. Suppose that the economy is characterized by the following behavioral equations: Note that in this economy investment, I, depends positively on output, Y. This mirrors the fact that firms in the real world will increase their investment expenditure...
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...Department of International Business (2013) YEAR 1. Semester I Semester II |Course Code |Cour| | |CR|ECTS | | | | |se | | |ED| | | | | |Name| | |IT| | | | YEAR 2 Semester III Semester IV |Course Code |Cour| | |CR|ECTS | | | | |se | | |ED| | | | | |Name| | |IT| | | | YEAR 3. Semester V Semester VI |Course Code |Cour| | |CR|ECTS | | | | |se | |...
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...2012 December 15, 2012 December 8, 2012 December 6, 2012 December 11, 2012 December 13, 2012 December 7, 2012 December 17, 2012 December 17, 2012 December 13, 2012 December 7, 2012 December 13, 2012 December 11, 2012 December 11, 2012 December 17, 2012 December 17, 2012 December 11, 2012 December 6, 2012 December 14, 2012 December 7, 2012 December 10, 2012 December 15, 2012 December 17, 2012 December 15, 2012 December 13, 2012 7:30 PM 10:00 PM PAC 5 7:30 PM 10:00 PM M3 1006,MC 4020,4021,4045 7:30 PM 10:00 PM PAC 2 7:30 PM 10:00 PM PAC 1 9:00 AM 11:30 AM MC 1085,4020,4021 4:00 PM 6:30 PM PAC 1,2 7:30 PM 10:00 PM DC 1350,1351 12:30 PM 3:00 PM RCH 103,105 9:00 AM 11:30 AM M3 1006 9:00 AM 11:30 AM M3 1006 12:30 PM 7:30 PM 3:00 PM RCH 301 9:30 PM MC 4059,4061...
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...Does your career plan include a world of lifelong success? Program of Professional Studies THE CERTIFIED GENERAL ACCOUNTANTS ASSOCIATION OF BRITISH COLUMBIA We see more than numbers. Choose a career that places you on the path to lifelong success. It’s all about opportunity. Accounting professionals can work in any sector, anywhere in the world. And when you choose CGA, you’ll gain the leadership, problem-solving and technical skills that are sought after by organizations in the private, public and not-for-profit sectors. The CGA Program of Professional Studies gives you the tools to succeed in business, no matter where your career takes you. You’ll enter the workforce with the applied knowledge and demonstrated expertise that employers want, including specialized technical knowledge, sectorspecific competencies, problem-solving skills and the ethical integrity to lead. CGA’s competency-based curriculum is simply your best way to prepare for a rewarding career in financial management. Flexible study options and the freedom to choose the career you want CGA is all about choice. You choose the professional-studies path and real-world experience that best match your career goals and interests. We give you the skills and freedom to work in any type of organization, in any industry, at any level of management. With a CGA designation, your opportunities—both professional and personal, at home and around the world—are limitless. Take your place as a highly respected...
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...Sports Management and Marketing Degree Requirements The four-year sport marketing and management program leads to the degree, Bachelor of Science in Kinesiology, with course work taken in conjunction with the Kelly School of Business. Students admitted to this program are selected from a pool of applicants. Admission to the program is limited. Graduation requirements include: * completion of general education requirements. * completion of sport marketing and management major requirements. * a minimum of 124 successfully completed credit hours which count toward the degree program. * a minimum 2.0 cumulative GPA. * a minimum 2.0 cumulative GPA in a combination of ANAT-A 215 and courses with the following department code-prefixes: HPER-A, HPER-D, HPER-K, and HPER-P. * No Pass/Fail except for free electives. General Education (20 – 39 credits) All undergraduate students must complete the IU Bloomington campus-wide general education common ground requirements. Such students must visit the 2012-2013 General Education Bulletin to view these requirements. Major (85-90 cr.) Sport Marketing and Management Foundation Requirement (15 cr.) Complete each of the following courses: ▪ HPER-P 211 Introduction to Sport Management (3 cr.) – FALL 2013 ▪ HPER-P 333 Sport in America: Historical Perspective (3 cr.) – SPRING 2014 ▪ HPER-P 392 Sport in American Society (3 cr.) ▪ HPER-P 405 Introduction to Sport Psychology (3 cr.) ▪ HPER-P 418 Sport Marketing...
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...Higher Education Institutions: Xi'an University of Finance & Econom 08/2009 - 05/2010 Issued to: HOURS 3.0 3.0 3.0 3.0 3.0 QPTS 45.00 84.00 QPTS 3.00 9.00 12.00 9.00 12.00 GPA 3.000 2.800 U N O F F I C I A L Test Scores: -------------------------------------------------------Transfer Credit Applied to 2011 Fall Semester Xi'an University of Finance & Econom 08/2009 - 05/2010 XICN001 FUNDAMENTALS OF COLLEGE C 3.00 NEEDEVAL XICN002 ADVANCED MATHS 1 (ECONOMI 3.00 MA 1--XICN003 INTRODUCTION TO LAW OF EC 3.00 ECO 4--XICN004 MORAL CULTIVATION AND BAS 3.00 GEED2--XICN005 PE (1) 1.00 KHP 1--XICN006 MICRO-ECONOMICS 3.00 ECO 201 XICN007 COLLEGE CHINESE 2.00 GEED1--XICN008 ADVANCED MATHS 2 (ECONOMI 3.00 MA 123 XICN009 MANAGEMENT 3.00 MGT 301 XICN010 MACRO-ECONOMICS 2.00 ECO 202 XICN011 PRINCIPLE OF MARXISM 3.00 GEED2--XICN012 DATABASE APPLICATION 2.00 NEEDEVAL XICN013 PE (2) 1.00 KHP 1--XICN014 OUTLINE OF CHINESE MODERN 2.00 GEED2--Total 34.00 2011 Fall Semester Program: College of Business and Economics Bachelor of Science in Accounting Major: Pre-Accounting CRS NUM COURSE TITLE GRADE STA 210 INTRO TO STATISTICAL A REASONING CIS 110 COMP AND COM I B GLY 110 ENDANGERED PLANET INTR TO C ENVRNMNTL GEOL BIO 102 HUMAN ECOLOGY B ACC 201 FINANCIAL...
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...I was born in Kinshasa, it is the capital of the Democratic Republic of Congo. It is located in Africa, right in the center. It is one of the largest country in Africa with a lot resources. The most known resource that we have is the coltan which is used to make smartphones. I went to high school in Kinshasa at Complexe Scolaire (School Complex) Les Loupiots and I played several sports such as soccer, basketball and tennis. I was the captain of the soccer and second captain of the basketball team. I was not planning on studying in an English program because I knew how hard it would be to learn a new language. Even though we learned English in high school, French was our primary and first language. I choose ISU because my older brother came here before me and was telling me how good the program was and that I would not have difficulties with English if I was willing to learn. I am currently majoring in Business Administration and I am planning on adding another major which might be management. I chose Business Administration because I did not know which concentration fits me well, but I am leaning toward management for my second major. I have four siblings, one sister and three brothers. I am currently living with my older brother here in Terre-Haute. I like to go hang out with my friends and watch sport games. I watch soccer, basketball, football and tennis. I usually go play basketball and soccer at the rec when I have time. I always thought that aviation was what I wanted...
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...Entire,final,Week,1,2,3,4,5,6, ACCT 346,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, ACCT 434,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, ACCT 434,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, ACCT 567,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, ACCT 567,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, PHI 200,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, PHI 200,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, Res 301,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, Res 301,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford BA 215,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, BA 215,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, BA 225,Course,Complete,All,Entire,final,Week,1,2,3,4,5,6, BA 225,dq,discussion,question,assignment,midterm, ,exam,quiz,Strayer,Latest,New,Project,Keller,Homework,Phoenix,Ashford, BA...
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...List of Textbooks College of Administrative and Financial Sciences Level 3 ID Course Name Title Author/Edition Publisher ECON 101 Microeconomics Survey of Economics: Principles, Applications, and Tools O’SULLIVAN / 5TH edition Pearson ACCT 101 Principles of Accounting Financial Accounting Wild / 6th edition MGT 101 Principles of Management Management: A Practical Introduction Kinicki / 6th edition McGrawHill CourseSmart McGrawHill CourseSmart Level 4 ID Course Name Title Author/Edition Publisher FIN 101 Principles of Finance Fundamentals of Corporate Finance Breasley, Myers, & Marcus McGraw-Hill MGT 201 Marketing Management Marketing: Defined, Explained, Applied Levens, 2012, 2nd edition Prentice Hall Human Resources Management DeCenzo, 2012, 11th edition Wiley Saudi Arabia Labor Law Outline Michael O'Kane, 2010 Al-Andalus Publishing E- Commerce: Business, Technology, Society Lauden, 2013, 9th edition Pearson MGT 211 E-COM 101 HR Management E-Commerce Level 5 ID ECON 201 MIS 201 ECOM 201 Course Name Title Author/Edition Publisher Macroeconomics Principles of Macroeconomics, N. Gregory Mankiw, 6th Edition, 2011 Cengage Learning Information Systems Management Management Information Systems, R. Kelly Rainer, Hugh J. Watson, Brad Prince, 2nd Edition, 2013 Wiley Introduction...
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...Econ 301 GM Buyout According to the life expectancy chart the average surplus age of a 65 year old man would roughly be an additional 16.8 years so that would be about to the age of approximately 81.8 years. If a retiree were to receive an average of $36,000 per year than just considering principle alone they would receive $604,800 in total with yearly installments as opposed to a lump sum $500,000 check at present value. This is a bit of a tricky situation because future inflation, discount rates organizational risk are all uncertain at this point, so I am just going to have to speculate on what I would do if I were in this position. Right now we are in a low inflation, low interest yield phase and if it were today I think I would take the money. Primarily because I do not feel very safe with a company that just got bailed out by the government a few years ago and in fact even if there were more of a financial incentive to let GM hold on to the money I think that I would still take the money and run. In my opinion, the risk factor alone outweighs any financial incentive that take precedence in the decision making process. I believe that the risk of debt and bankruptcy of GM are two very important factors for the company to take into consideration and they should not be ignored by any means. If the $500,000 were invested today with no money taken out for the entire length at the current compounded rate of 2.25% over a 16.8 year span it would amount to roughly $757,061...
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...Foundations Brigham Young University–Idaho 2013-2014 This is an exciting time to be associated with Brigham Young University-Idaho as it continues on a steady, upward course of academic innovation. Dedicated administrators and faculty members are continually working to prepare students to be well educated academically as well as spiritually. One of the university’s academic developments is our general education program called Foundations. Just as the name suggests, Foundations is designed to provide a strong base for the rest of your university experience and throughout your life. Foundations presents a focused approach to general education, allowing students to explore specific aspects of diverse subjects, delving deep into each topic. The courses are interdisciplinary and have been created through countless hours of faculty collaboration to provide you with the most effective learning outcomes. Foundations courses are divided into five groups: Eternal Truths, Academic Fundamentals, Science, Cultural Awareness, and Connections. While some courses are required, others are left to personal preference. You will be blessed as you enter these inspired classes with an open mind and willing heart. I invite you to carefully review the Foundations courses available and determine which classes will benefit you most. I wish you success in this and every other endeavor here at BYU-Idaho. Best regards, Kim B. Clark President, Brigham Young University-Idaho 47 Foundations Brigham...
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...Econ-301 LINCOLN ELETRIC COMPANY 1. Based on the readings of quota restrictions & gold bricking it shows how employees banned together to battle against the firm by lowering their output and wasting time, causing the firm profits and production time. Based on this payment system the slope is positive for low performance, but there is no gain for superior performance. The employees have no incentive to go beyond the required minimum. This pay system was a disadvantage to the workers if they went beyond the expected the firm would have changed the rates against them. They would have to work harder for an even lesser pay. The easiest way to solve this problem is to introduce the performance pay plan. The switch would increase the workers performance and raise the competition level between the Employees. The incentive for moving from fixed rate to piece rate is the average output will rise. Output would be affected in a positive way, because this pay method would raise the standard and encourage speed and productivity. 2. Roy’s machine shop is facing many problems such as low production due to unmotivated employees. The employees have no incentive to cooperate with the firm because of its bad payment system. This firm lowers the money earned for over producing. It means that if a worker is going over his hourly limit, the management will have to pay workers more since earnings are relative to the amount of work completed. Thus the...
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...ECON 301 Practice Final Exam NAME: . Fall 2014 FINAL EXAM PRACTICE QUESTIONS 1. Suppose Demand and Supply for a competitive industry in the short run can be described the following equations: QD=100 – 2P, and QS=40+2P. Suppose further that the total cost curve for a representative firm in the industry is given by TC = 100+4q+q2, with MC=4+2q. a. Sketch a double graph that depicts the market supply and demand in equilibrium in conjunction with individual firm costs and output choice. Does not need to be to scale. Label all of your answers to b. b. Calculate the short-run equilibrium market price, quantity, individual firm output and firm profit level. Show your work. c. Calculate the long-run equilibrium market price, quantity, individual firm output and number of firms in the industry. Draw and label in a new graph the double graph depicting this equilibrium. Page 1 of 5 2. My Uncle Bob claims that a firm should produce (in the short run) until its average cost is at its minimum. He reasons that in order to maximize profit, a firm must minimize it costs of production. Is my Uncle Bob correct? Carefully explain your answer. (Stating a mathematical rule is not sufficient.) 3. A single vendor supplies the popsicles to the beachcombers on a beach in a small resort town on the east coast. Assume that this vendor acts as a single price-monopolist and that the marginal cost per popsicle is always $0.60 The price elasticity of demand is -5 in the month of May...
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...December 2015 - FINAL EXAMINATION SCHEDULE Please verify the location of your exam below. CAREFULLY ensure that you note the correct room according to your LAST NAME ACCT Sec Title ACCT 351 001 Intermediate Financial Acct 1 ACCT 351 Time Prof. FROM Dec 21 6 pm Tsang Aaa - Zzz GYM main gym 20-30 002 Intermediate Financial Acct 1 Dec 21 6 pm Tsang Aaa - Zzz GYM main gym 20-30 ACCT 351 003 Intermediate Financial Acct 1 Dec 21 6 pm Tsang Aaa - Zzz GYM main gym 20-30 ACCT 352 001 Intermediate Financial Acct 2 Dec 21 9 am Cecere Aaa - Zzz ENGTR 0100 ACCT 354 001 Financial Statement Analysis Dec 22 2 pm Scott Aaa - Zzz GYM Fieldhouse 28-31 ACCT 354 002 Financial Statement Analysis Dec 22 2 pm Scott Aaa - Zzz GYM Fieldhouse 28-31 ACCT 361 001 Management Accounting Dec 11 2 pm Parent Aaa - Zzz GYM main gym 1-11 ACCT 361 002 Management Accounting Dec 11 2 pm Parent Aaa - Zzz GYM main gym 1-11 ACCT 361 003 Management Accounting Dec 11 2 pm Parent Aaa - Zzz GYM main gym 1-11 ACCT 362 001 Cost Accounting Dec 17 2 pm Levy Aaa - Zzz GYM Studio 1 1-3 ACCT 385 001 Principles of Taxation Dec 15 2 pm Goldsman Aaa - Zzz GYM BLEACHERS 1-5 ACCT 385 002 Principles of Taxation Dec 15 2 pm Goldsman Aaa - Zzz GYM BLEACHERS 1-5 ACCT 453 001 Advanced Financial Accountin Dec 14 9 am Scott Aaa - Zzz GYM main gym ACCT 463 001 Management Control Dec 11 2 pm Levy Aaa - Zzz GYM Studio 2...
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