Question 1 (Summary of 14&15 chapter)Reflect on the assigned readings for the week. Identify what you thought was the most important concept(s), method(s), the term(s), and/or any other thing that you felt was worthy of your understanding. (Summary of 14&15 chapter). Also, provide a graduate-level response to each of the following questions:
- Suppose you are doing business in a country where paying fees (bribes) to get through the process more quickly is standard practice. In the United States, bribery is against the law. How will you deal with this conflict taking into account your ethical standards when youre doing business in that country?
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Question 2 (Summary of Chapter 19&20) [Managerial Economics] Reflect on the assigned readings for the week. Identify what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding.(Summary of Chapter 19&20).Also, provide a graduate-level response to each of the following questions:
- A colleague tells you that he can get a business loan from the bank, but the rates seem very high for what your colleague considers a low- risk loan. Give an adverse selection explanation for this, and offer advice to your friend on how to solve the problem. Give a moral hazard explanation for this, and offer advice
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